Whales lose millions on WLFI token after 41% drop
WLFI, the World Liberty Financial token, over 40% in three days. Major investors are posting multimillion-dollar losses despite a supply burn.
Large crypto investors have suffered heavy losses on World Liberty Financial (WLFI), a token tied to Donald Trump’s family. Since its launch on Sept. 1, the asset’s price has dropped more than 41%, despite a burn of 47M tokens aimed at supporting the market.
According to CoinMarketCap, WLFI lost another 18% in the past 24 hours, bringing its overall decline since launch to 41%. The token now ranks ninth for bearish sentiment among the top 100 cryptocurrencies.
Several major players booked multimillion-dollar losses. Data from Onchain Lens shows wallet 0x432 closed a leveraged long position at a $1.6M loss after betting 3x on WLFI. Another investor who had earlier gained $915K lost it all within a day by reentering the token.
Analytics firm Lookonchain reported that wallet 854RaR bought $2M worth of WLFI but was down $650K after three days. Trader 0x1527 lost $2.2M on Hyperliquid, while 0x92bb profited $1.8M by shorting the token.
Former kickboxer and influencer Andrew Tate was also among those betting on WLFI’s rise. His position was liquidated for $67,500 on Sept. 2.
Despite supply cuts, interest in the token continues to fade. CoinMarketCap data shows almost one-third of investors are pessimistic about WLFI’s future.
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