Trump-linked WLFI hits new low as token-backed loan triggers concern

Trump-linked WLFI hits new low as token-backed loan triggers concern

2.49%LINK$9.02 0.66%DOGE$0.09297 0.69%ADA$0.2504 0.24%BTC$72,917 1.49%XLM$0.1535 0.84%SOL$84.50 1.15%XRP$1.34 0.71%BCH$441.03 0.51%ETH$2,244 2.11%HYPE$42.48 3.57%TRX$0.3186 0.33%BNB$606.97 0.84%USD Written by Amin Haqshanas,Staff WriterReviewed by Bryan O'Shea,Staff EditorTrump-linked WLFI hits new low as token-backed loan triggers concern29 minutes agoWLFI fell to a record low after it was revealed that the project used billions of its own tokens as collateral to borrow $75 million in stablecoins. WLFI, the native token of the Donald Trump–backed World Liberty Financial platform, sank to an all-time low on Saturday as crypto users expressed concerns after revelations that the project used a large amount of its own tokens to take out loans. The token hit a new low of around $0.07714 on Saturday, down 83% from its peak of $0.46 reached last September, according to data from CoinMarketCap.

Source: https://cointelegraph.com/news/trump-linked-wlfi-hits-new-low-token-backed-loan-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound