Trump-Linked WLFI Token Tanks 40% — Whales Crushed as Massive Burn Fails to Save It!
- WLFI token has plunged 41% since launch, wiping out millions from whale investors.
- A high-profile whale lost $1.6M after chasing leveraged WLFI longs back-to-back.
- Despite a 47M token burn, selling pressure grows, though most retail presale holders remain firm.
World Liberty Financial’s (WLFI) much-hyped launch is already turning into a rough ride for whales. Backed by the Trump family, the token has crashed more than 40% since its debut on Monday—even after a 47 million token burn meant to prop up prices. Big investors who piled in are now staring at multi-million-dollar losses, showing just how risky early bets on politically charged tokens can be.
Whales Burned by Over-Leverage
One whale wallet, identified as 0x432, reportedly lost $1.6 million after a failed 3x leveraged WLFI long position, according to Onchain Lens. What stings even more? Just hours before, the same investor had closed another WLFI long for a $915,000 profit, only to jump back in and get wrecked on the next attempt. As Onchain Lens noted, “the moral of the story: never be in FOMO.”
Confidence Weakens Despite Supply Burn
Even with 47 million tokens permanently removed from circulation on Wednesday, WLFI kept sliding—falling another 18% in just 24 hours. Since launch, the token has now lost more than 41% of its value. Whale selling continues to accelerate, hinting that early confidence in the Trump-branded project is cracking under market pressure.
Retail Holders Holding On
Interestingly, retail participants seem more patient. Data from Bubblemaps shows that 60% of the 85,000+ pre-sale buyers are still holding their WLFI tokens, while only 29% have sold completely. Despite whales dumping at losses, a large share of smaller holders appear willing to ride out the volatility, banking on the Trump-linked project’s longer-term potential.
The post Trump-Linked WLFI Token Tanks 40% — Whales Crushed as Massive Burn Fails to Save It! first appeared on BlockNews.
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Trump-Linked WLFI Token Tanks 40% — Whales Crushed as Massive Burn Fails to Save It!
- WLFI token has plunged 41% since launch, wiping out millions from whale investors.
- A high-profile whale lost $1.6M after chasing leveraged WLFI longs back-to-back.
- Despite a 47M token burn, selling pressure grows, though most retail presale holders remain firm.
World Liberty Financial’s (WLFI) much-hyped launch is already turning into a rough ride for whales. Backed by the Trump family, the token has crashed more than 40% since its debut on Monday—even after a 47 million token burn meant to prop up prices. Big investors who piled in are now staring at multi-million-dollar losses, showing just how risky early bets on politically charged tokens can be.
Whales Burned by Over-Leverage
One whale wallet, identified as 0x432, reportedly lost $1.6 million after a failed 3x leveraged WLFI long position, according to Onchain Lens. What stings even more? Just hours before, the same investor had closed another WLFI long for a $915,000 profit, only to jump back in and get wrecked on the next attempt. As Onchain Lens noted, “the moral of the story: never be in FOMO.”
Confidence Weakens Despite Supply Burn
Even with 47 million tokens permanently removed from circulation on Wednesday, WLFI kept sliding—falling another 18% in just 24 hours. Since launch, the token has now lost more than 41% of its value. Whale selling continues to accelerate, hinting that early confidence in the Trump-branded project is cracking under market pressure.
Retail Holders Holding On
Interestingly, retail participants seem more patient. Data from Bubblemaps shows that 60% of the 85,000+ pre-sale buyers are still holding their WLFI tokens, while only 29% have sold completely. Despite whales dumping at losses, a large share of smaller holders appear willing to ride out the volatility, banking on the Trump-linked project’s longer-term potential.
The post Trump-Linked WLFI Token Tanks 40% — Whales Crushed as Massive Burn Fails to Save It! first appeared on BlockNews.
Read More