Justin Sun faces $80M loss in locked WLFI tokens amid a 10% price drop after team borrows $50M using the token as collateral, draining the lending pool.

According to WallStreetBulls, tariffs have been confirmed at 10%, 20%, and 30%, leading to a significant market sell-off. The announcement has caused a plunge in market prices, particularly affecting cryptocurrencies such as XRP and BTC. Traders should monitor market movements closely as additional updates are expected at 4 PM ET.