In a brutal market shake-up, whales are taking heavy losses on Trump family-backed World Liberty Financial’s (WLFI) token after its price collapsed dramatically. Since launch, WLFI has lost over 40% of its value, leaving millions in losses for investors who jumped in early on FOMO-driven hype.
Blockchain data firm Onchain Lens revealed that one investor lost $1.635 million going long on WLFI perpetuals, chasing upside potential after a prior $915,000 profit. Unfortunately, reentering on hype led to a massive wipeout.
Another leveraged trader burned through $2.2 million on Hyperliquid longs, while a short seller walked away with $1.8 million in profits. In spot markets, one trader spent $2 million at $0.27, now sitting on a $650,000 loss.
Even a 47 million token burn failed to stop the bleeding — WLFI fell an additional 18% the next day, dropping to roughly $0.23. At the time of writing, WLFI trades at $0.1784, down 19.37% in the last 24 hours, with a 24-hour volume of $1.71 billion, according to CoinMarketCap.
The selloff highlights a painful lesson in crypto markets: hype fades fast when fundamentals can’t hold the floor.
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