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According to The Block, Justin Sun-related frozen holdings of World Liberty Financial WLFI have shrunk by approximately $11 million in the past 24 hours.
On Thursday, World Liberty Financial collateralized billions of WLFI tokens to borrow tens of millions of dollars in stablecoins on Dolomite, triggering market concerns over potential liquidations and bad debt risks.
WLFI has dropped about 15% in the past 24 hours, down more than 74% from its all-time high since launch.