The WLFI token attracted significant attention before its launch, but soon after debut, it created challenges for major investors and whales.
Analysis of Major Investor Losses
On-chain analysis firms continue to report millions in losses for major wallets. For instance, Lookonchain highlighted whale '854RaR' who bought 7.4 million WLFI for around $2 million. As of writing, the token's value stood at $1.35 million, leading to losses of nearly $650,000.
WLFI Market Dynamics
The WLFI token experienced a decline of over 20% in the last 24 hours. Currently, it trades at $0.1822 after hitting an all-time high of $0.46 on September 1. Market capitalization has dropped to $4.98 billion from nearly $8 billion. Trader '0x1527' reported losses exceeding $2.2 million on long positions, while '0x92bb' gained over $1.8 million on shorts.
The Trump Family and WLFI Token
Despite the WLFI price issues, the Trump family's wealth increased to $5 billion thanks to 22.5 billion WLFI tokens. Justin Sun became the largest participant in the presale, investing $75 million and receiving 15% of the allocation. Experts note that the family's continued involvement in cryptocurrency has significantly altered their financial position.
The launch of the WLFI token has sparked considerable controversy and financial difficulties for investors. Below this level, experts continue to discuss its impact on the market and personally on the Trump family.
