Amidst the intense volatility in the cryptocurrency market, DeFi protocol World Liberty Financial (WLFI), backed by the family of U.S. President Donald Trump, has unexpectedly announced that it was forced to sell Bitcoin to repay debts due to liquidation pressures from lending platforms, drawing significant market attention.
According to on-chain data platform Arkham Intelligence, the official wallet of World Liberty Financial sold over 170 Bitcoins on Wednesday at an approximate price of $67,000 each, cashing out about $11 million. The funds were immediately transferred to leading lending protocol Aave to repay loans and avoid liquidation.
While being forced to sell assets to cover debts, WLFI token prices also continued to come under pressure. CoinGecko data shows that WLFI tokens dropped more than 15% today, performing even worse than Bitcoin and Ethereum, which declined about 10%.
In fact, since the token was officially launched in September last year, WLFI’s price has been on a downward trend. The initial price on launch day was around $0.23, with a market cap of $6.6 billion; but currently, the price has fallen to approximately $0.109, a decline of over 65%.
In addition to financial pressures, World Liberty Financial remains under political and regulatory controversy. Political opponents of Trump recently called for an investigation into the DeFi protocol.
U.S. Representative Ro Khanna publicly stated on Wednesday that an investigation has been launched into a $500 million equity investment transaction by a UAE entity in World Liberty Financial, and he has called for clarification of the source of funds and related interests.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Price Drops Over 60% from Peak, Bank Stablecoins May Indirectly Drive XRP Demand Growth
On March 23rd, XRP declined 3.74%, trading at $1.39, down 62% from its 2025 high. Analysis suggests that weak market confidence is related to macroeconomic pressures. Despite price pressure, institutional infrastructure continues to expand, indicating that XRP has room to establish itself in the financial system. Future discussions may focus on the gap between price volatility and infrastructure expansion.
GateNews13m ago
Bitcoin Briefly Falls Below $70,000 Mark During Asian Session as Fed Hawkishness and Macro Uncertainty Weigh on Market Volatility
Bitcoin fell below 70,000 on March 19, touching approximately 69,537, reflecting market concerns about the Federal Reserve maintaining high interest rates. Bitcoin subsequently rebounded to around 70,180, demonstrating psychological support at the 70,000 level. Despite improved market fund inflows, cryptocurrencies continue to face challenges amid global macroeconomic pressures, with 70,000 becoming a critical near-term level.
区块客20m ago
Why CSPR Just Skyrocketed 17.95% in 30 Minutes
CSPR experienced a remarkable 17.95% surge in just 30 minutes, reaching $0.003909, amid significant trading volume of $186.76 million. Whale accumulation appears to drive this growth, contrasting with the broader crypto market's mixed signals. Traders are eyeing key price levels for future momentum.
Coinfomania24m ago
TradFi Fall Alert: MU (Micron) Falls Over 2%
Gate News: According to the latest Gate TradFi data, MU (Micron) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
GateNews28m ago
Pump.Fun News: PUMP Price Under Pressure, May Fall to $0.00169 in the Short Term
Pump.Fun (PUMP) has fallen about 17% since March 18, due to heavy selling pressure and ongoing net outflows from long-term holders. The money flow index indicates weak buying momentum, and the price may continue to decline. If it breaks below the $0.001780 support level, it could establish the next critical bottom. Analysts advise paying attention to support, resistance, and volume changes to evaluate price stability and potential buying opportunities.
GateNews31m ago
