According to The Block, Justin Sun-related frozen World Liberty Financial WLFI holdings shrank by approximately 11 million USD in the past 24 hours.
On Thursday, World Liberty Financial used billions of WLFI as collateral to lend out tens of millions of USD in stablecoins on Dolomite, triggering market concerns over potential liquidations and bad debt risks. WLFI has fallen about 15% in the past 24 hours, with a total decline of over 74% from its all-time high since listing.
According to The Block, Justin Sun-related frozen World Liberty Financial WLFI holdings shrank by approximately 11 million USD in the past 24 hours.
On Thursday, World Liberty Financial used billions of WLFI as collateral to lend out tens of millions of USD in stablecoins on Dolomite, triggering market concerns over potential liquidations and bad debt risks.
WLFI has fallen about 15% in the past 24 hours, with a total decline of over 74% from its all-time high since listing.