The World Liberty Financial (WLFI) token, linked to the Trump family, has seen a steep post-launch decline, leaving major crypto whales with millions in losses. Despite a 47 million token burn aimed at boosting confidence, WLFI remains one of the most bearish cryptocurrencies in the market.
Whale Losses Pile Up
Crypto whales were hit hard by WLFI’s sharp price drop. Wallet 0x432 reportedly lost over $1.6 million after closing a leveraged WLFI long position, according to Onchain Lens. The same trader had secured a $915,000 profit just hours earlier on a previous WLFI trade, only to reinvest and face heavy losses.
Onchain Lens highlighted the risky move on X, writing: “The moral of the story: never be in FOMO.”
Confidence in WLFI Weakens
The sell-offs intensified even after WLFI’s platform executed a 47 million token burn on Wednesday, permanently cutting supply in hopes of supporting the price. The move, however, failed to stabilize the market.
Data from CoinMarketCap shows WLFI plunged another 18% in 24 hours, bringing the total decline to over 41% since its Monday launch.
More Whales Exit Positions
Several other high-stakes investors faced significant losses. According to blockchain analytics firm Lookonchain:
- Whale wallet 854RaR bought $2 million worth of WLFI but is now down more than $650,000.
- Trader 0x1527 lost over $2.2 million on a WLFI long position.
- On the flip side, trader 0x92bb profited $1.8 million by shorting WLFI, betting on its price decline.
Former kickboxing champion and controversial influencer Andrew Tate also joined the WLFI trade. Despite his bullish stance, he was liquidated for $67,500 on decentralized exchange Hyperliquid.
WLFI Among Most Bearish Tokens
The heavy sell-offs and whale losses have placed WLFI among the top 10 most bearish tokens in the crypto market. CoinMarketCap data shows that 31.9% of investors are bearish on WLFI, ranking it ninth-worst by sentiment among the top 100 cryptocurrencies.
Market Outlook
The WLFI token’s rocky launch highlights the risks of hype-driven crypto investments, even with high-profile associations and token burns. With whales exiting and sentiment weakening, traders are watching closely to see whether WLFI can recover or continue its steep decline.
