Trump-backed World Liberty Financial tokens hit all-time low on reports of insider loans

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.

Blockchain data shows wallets controlled by World Liberty Financial lent WLFI tokens worth hundreds of millions of dollars to a decentralized platform named Dolomite, borrowing a mixture of stablecoins in return. Dolomite is just the 13th-largest crypto lending platform, according to DefiLlama data, making it perhaps an unlikely place for World Liberty Financial to lend its tokens.

After CoinDesk first reported on the Dolomite loans Thursday, WLF...