Whales lose millions on Trump-linked WLFI’s 40% dip, despite 47M burn
The WLFI token became the ninth-most-bearish by investor sentiment, as whales lost millions on its more than 40% post-launch decline.
Big crypto investors, or whales, were suffering millions in losses on the Trump family-linked World Liberty Financial (WLFI) token, which continued to decline despite a proposal to reduce the circulating supply.
Whale wallet 0x432 lost more than $1.6 million after closing a 3x leveraged WLFI long position, according to Onchain Lens.
“The moral of the story: never be in FOMO,” short for fear of missing out, wrote the platform in a Thursday X post, referencing the whale’s hasty investment move.
