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WLFI token price drops 15% daily, causing $11M loss for frozen holdings amid borrowing concerns.

Market News
10 Apr 2026
Blockonomi
View Source
Bearish
pluang ai news

WLFI token price fell sharply by 15% in one day and has dropped over 74% since launch, leading to a loss of more than $11 million in value for Justin Sun's frozen WLFI holdings. Sun's tokens remain inaccessible after being blacklisted by World Liberty Financial, which also used WLFI as collateral to borrow stablecoins on the Dolomite lending platform. Despite market concerns about potential liquidation risks due to falling prices and large collateral borrowing, World Liberty Financial dismissed these fears as "FUD" and stated they are not near liquidation. The situation highlights risks in politically linked crypto assets and borrowing strategies amid volatile token prices.

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