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Project Progress Crypto News | Market Updates, Analysis, and Latest Insights | Gate News
Explore crypto news and in-depth articles related to Mainnet Launch, covering market updates, data-driven analysis, trend insights, and key developments to help you fully grasp this topic in the crypto market.
Facing Aave liquidation risk! World Liberty Financial is urgently selling off Bitcoin to rescue the situation and prevent further losses.
Amidst the intense volatility in the cryptocurrency market, DeFi protocol World Liberty Financial (WLFI), supported by the family of U.S. President Donald Trump, has unexpectedly come under pressure due to liquidation risks faced by lending platforms. The protocol was forced to sell Bitcoin to repay debts, 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.
Alongside the forced sale of assets to cover debts, WLFI tokens have also continued to experience downward pressure.
区块客·4h ago