WLFI, the native token of the Donald Trump–backed crypto platform World Liberty Financial, cratered to an all-time low on Friday as investors digested news reports that the company had lent out tokens on a platform tied to one of its executives. As of midday, WLFI was trading at $0.08, a roughly 82% drop from its all-time high last September when it traded at $0.46.
The drop coincides with news that Corey Caplan, CTO of World Liberty Financial, which was founded in 2024 by a team including multiple members of the Trump family, used the project’s reserve of WLFI tokens to make loans on a third-party crypto platform he cofounded.
