WLFI Whales Lose Millions as the Trump-Linked Token Dips 40%

Investors holding significant amounts of WLFI, a token linked to the Trump family, have suffered huge losses over the past three days, according to data from OnChain Lens. The losses come as WLFI retraces from its all-time high of $0.33 set on September 1st. It’s now trading at $0.21, down over 40% since its launch.

Onchain Lens’ data has revealed several whales affected by WLFI’s downtrend. For instance, a whale behind a wallet whose address ends in 0x432 was forced to close a leveraged long trade on WLFI and lost over $1.6 million. Interestingly, they opened another long position on the token a few hours after exiting the previous one and managed to net nearly $400,000. So, the whale lost about $1.2 million from trading WLFI.

Another whale whose wallet address ends in fa7c2 bought WLFI tokens worth $2 million at the start of the month, but their investment is down $660,000 as of this writing. Meanwhile, a wallet address ending in 0x1527 suffered a $2.2 million loss on a WLFI long trade, but achieved a profit of $1.7 million after opening a short position on the token.