Large crypto holders tied to Trump-linked World Liberty Financial (WLFI) are taking major hits, with millions wiped out as the token keeps sliding, even after a move to cut supply.
Data from Onchain Lens shows that whale wallet 0x432 lost more than $1.6 million after a leveraged WLFI long position was liquidated. The loss came only hours after the same trader had banked $915,000 in profit from a previous WLFI long. The quick turnaround proved costly, with Onchain Lens remarking on X that the incident highlights the dangers of FOMO-driven trades.
Confidence in WLFI Slipping
Other high-value wallets have also been offloading WLFI at a loss, underlining doubts about the token’s near-term prospects. This wave of whale selling came shortly after the project conducted a 47 million WLFI token burn on Wednesday, designed to tighten circulating supply and stabilize price action.
The move, however, failed to halt the slide. By Thursday morning, WLFI had shed another 18% in 24 hours, pushing its total decline to around 41% since launch, according to CoinMarketCap.
Whales and Traders Absorb Millions in Losses
One notable loser was whale wallet 854RaR, which had purchased about $2 million worth of WLFI earlier in the week but was already down $650,000 by Thursday, blockchain tracker Lookonchain reported.
On Hyperliquid, another trader, 0x1527, was down more than $2.2 million from WLFI longs, while 0x92bb went against the tide and pocketed $1.8 million by shorting the token.
Even Andrew Tate, the ex-kickboxing champion and controversial online figure, placed a bet on WLFI’s rise. His optimism didn’t pay off—he was liquidated for $67,500 on Tuesday.
With a decline of over 40% in just a few days, investor sentiment has soured. WLFI now ranks as the ninth-most bearish token among the top 100 cryptocurrencies, with nearly 32% of investors expressing a negative outlook, according to CoinMarketCap data.
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