Trump-linked WLFI token collapses after massive DeFi lending position
The WLFI token, associated with former US President Trump, loses 12% and erases $427 million from market capitalization following a major lending position on the Dolomite protocol.
Published 14sem2 sources✓ ConfirmedNotable
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427 million
The WLFI token, associated with former US President Trump, loses 12% and erases $427 million…
The fact
The project team was forced to defend this significant financial exposure in the decentralized lending sector.
Observers fear the Dolomite protocol could be left with bad debt if World Liberty fails to meet its obligations.
2 sources — click a link to read an article on the topic: