Whales are losing millions of dollars on the decline of the Trump-linked WLFI token, but most of the pre-sale participants are still holding the coin.
Whales, or big cryptocurrency investors, have lost millions of dollars by betting on the price appreciation of the Trump family-linked World Liberty Financial (WLFI) token.
Since its launch on Monday, the WLFI token’s price fell by over 40%, despite a large-scale token burn event that permanently reduced the token’s circulating supply, aiming to tighten supply and boost the value of the remaining tokens on the market.
Despite the over 40% decline, some of the pre-sale holders are still showing confidence in the presidentially endorsed token.
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