Trump-backed World Liberty Financial's WLFI token plunged to an all-time low of $0.07714, declining over 10% and losing more than 21% over 30 days, after Justin Sun publicly accused the project of hidden blacklist backdoor controls in its token contract. World Liberty Financial threatened legal action against Sun, calling his claims FUD. The project has pledged approximately 5 billion of its own tokens to borrow around $75 million in stablecoins through Dolomite, where it now represents 55% of the protocol's $835.7 million total liquidity. Critics describe the structure as a closed-loop system that allows the project to convert self-minted tokens into widely recognized stablecoins with cash off-ramps, while insiders control 22.5% of the token supply valued at approximately $3.8 billion.
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