The Trump family's crypto token just became an expensive lesson in political betting.
WLFI plummeted over 40% since launch, with one whale losing $1.6 million in a single leveraged position.
The Trump family's crypto token just became an expensive lesson in political betting.
WLFI plummeted over 40% since launch, with one whale losing $1.6 million in a single leveraged position.
🎉 Thank you for holding LSTR tokens!
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Isn't a 40% loss since launch typical of most cryptocurrencies? Even if they bounce back 2go 100x, they still go through those 1st down periods. It may not be a problem of political betting so much as typical cryptocurrency behavior. Maybe.
WL, just saw the latest on WLFI—token crashed 31% in its debut week, wiping out $6.25B in investor wealth since its peak. One whale got hit hard with a $1.6M loss on a leveraged bet. Brutal start for the Trump-backed project.