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
Whale's Fat-Finger Mistake Costs $50 Million, Aave Returns Fees But Still Faces Backlash: Didn't Solve the Problem
A cryptocurrency whale exchanged $50 million for AAVE on the Aave trading platform but received only approximately $36,000 worth of tokens due to excessive slippage. The Aave founder stated that a $600,000 fee would be refunded; however, community discussions about DeFi product design and user protection mechanisms have become increasingly intense, with calls to strengthen risk warnings and trading mechanisms to protect users.
ChainNewsAbmedia2m ago
VIA Soars 23.45% in Minutes — Traders React to Whale Activity
VIA's price surged by 23.45% in five minutes, currently trading at $0.002026. The rise is linked to increased whale activity and broader market trends, prompting traders to monitor key resistance and support levels.
Coinfomania3m ago
ENSO (Enso) increased by 19.34% over the past 24 hours
Gate News — On March 13, according to Gate market data, as of press time, ENSO (Enso) is trading at $1.33, up 19.34% in the last 24 hours. It reached a high of $1.34 and a low of $1.10, with 24-hour trading volume reaching $170 million. The current market cap is approximately $27.5 million, an increase of $4.45 million compared to yesterday.
Enso is the fastest on-chain application building and deployment platform. Every on-chain interaction is mapped to a shared engine, eliminating the need for manual blockchain or smart contract integration. Enso provides two core features: Actions and Shortcuts, allowing developers to abstract any isolated smart contract transaction into simple components and combine multiple Actions into reusable and shareable Shortcuts.
GateNews27m ago
JCT increased by 100.57% after the Alpha launch, current price 0.0017639 USDT
Gate News bot message: Gate market data shows that since the launch of Alpha, JCT has increased by 100.57%, with the current price at 0.0017639 USDT.
CryptoRadar29m ago
RENDER (Render) 24-hour increase 13.77%
Gate News report: On March 13, according to Gate's market data, as of press time, RENDER (Render) is trading at $1.71, up 13.77% in the last 24 hours, reaching a high of $1.75 and a low of $1.34. The current market cap is approximately $888 million, an increase of $107 million compared to yesterday.
Render Network is the world's first decentralized GPU rendering platform designed to accelerate creative workflows. The platform leverages global idle GPU computing power to provide users with unlimited rendering capabilities at below-market costs. Render Network supports mainstream GPU rendering engines such as OctaneRender, Redshift, and Blender Cycles, while integrating R
GateNews38m ago
Easing oil price surge! US Treasury Secretary: Open to purchasing Russian offshore oil, Bitcoin breaks through 72,000
The United States temporarily opened purchases of stranded Russian oil at sea to ease soaring oil prices, causing oil prices to decline. Bitcoin surged past $72,000. Meanwhile, gold ETFs experienced capital outflows, indicating increased institutional participation in the Bitcoin market and improved market liquidity.
CryptoCity50m ago
