FOMO’s Fatal Fling: WLFI Whales Drown In 💸Millions

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World Liberty Financial’s WLFI token executed a death-defying plunge this week, leaving crypto’s most gullible whales nursing wounds with a bottle of disappointment and a side of existential dread. Meanwhile, a select few traders-those rare creatures who *actually* understood the concept of “shorting”-counted their gains like Victorian gentlemen tallying their mistress’s debts.

A particularly tragic wallet closed a 3x leveraged long and suffered a 💸1.6 million hemorrhage. That same investor, according to on-chain sleuths, had previously turned a $915,000 profit earlier in the week, likely funded by a lifetime supply of champagne and the belief that “this time it’s different.” 🐳

Whales Face Heavy Losses

Several large accounts were shown floundering in the red. Wallet 854RaR, which had foolishly bought $2 million in WLFI earlier in the week, was down roughly 💸650,000 by Thursday-proof that even the boldest whales can’t outswim a collapsing token.

WLFI just dropped below $0.19.

Trader 0x1527 is down over 💸2.2M on his $WLFI long.

Meanwhile, trader 0x92bb is up over 💸1.8M on his $WLFI short.

– Lookonchain (@lookonchain) September 4, 2025

On Hyperliquid, wallet 0x1527 carried unrealized losses exceeding 💸2.2 million on a leveraged position. At the same time, some traders-those rare beasts with the foresight to bet against crypto’s latest fad-profited: wallet 0x92bb reportedly made 💸1.8 million from a short position, likely funded by a lifetime subscription to the “I told you so” podcast.

Public figures also felt the sting. Reports said influencer Andrew Tate was liquidated for 💸67,500 on a Hyperliquid long position-proof that even alpha-male overlords can’t out-leverage a bad token. 🐐

As the sages would say, all this boils down to one big lesson: never be in FOMO (fear of missing out). Or, as Evelyn Waugh might put it, “The price of ambition is eternal vigilance, and the price of FOMO is eternal bankruptcy.”

This whale has fully closed its $WLFI long position, booked a loss of 💸1.635M.

The moral of the story: never be in FOMO.

– Onchain Lens (@OnchainLens) September 4, 2025

Price Action And Volume Tell A Story

WLFI’s price slide accelerated after the token’s public debut, a performance so calamitous it would make a Victorian opera house blush. Coingecko data shows the token dropped 15% in 24 hours as of Thursday noon and is down 38% since its launch on Monday-a trajectory that would make a falling piano seem graceful.

The token briefly traded at $0.329 at debut before slipping to just over $0.22. Reports indicate more than $1 billion in trading volume was recorded in the first hour after launch, with prices generally hovering between $0.23 and $0.31 during that initial frenzy-proof that hype is just a fancy word for collective madness. 🎭

Market moves were sharp and fast. Some traders entered, some left, and liquidity quickly widened the swings, leaving behind a trail of shattered dreams and margin calls.

Burn Campaign Did Little To Help

World Liberty Financial sent 47 million WLFI tokens to a verified burn address on Wednesday in a bid to calm markets-a gesture akin to tossing a token-sized band-aid on a financial hemorrhage.

That amount equals about 0.16% of the circulating supply, which stands at close to 25 billion tokens of an original 100 billion supply. Based on reports, the burn did not stop the slide. Investors continued to sell, and sentiment went colder than a penguin’s heart. The number was significant on paper, but it was small relative to the token’s free-floating supply and the volume that hit the market-a lesson in the futility of symbolic gestures. 🪦

Sentiment Shifts Rapidly

Trackers ranked WLFI as the ninth-most-bearish asset among the top 100 cryptocurrencies, with nearly 30% of holders showing negative sentiment-a statistic that would make even the most jaded Wall Street analyst raise an eyebrow.

That shift came almost immediately after the token’s debut and the volatile trades that followed, a reminder that in crypto, hype is a fleeting mistress and FOMO is a fatal attraction. Market watchers note how quickly hype can flip into caution when large holders pull back or get liquidated-a phenomenon that might be best described as “the crypto version of a Victorian scandal.”

Short sellers, meanwhile, are taking profits while supporters scramble to protect positions, a scene that would be comical if it weren’t so financially devastating. 🕷️

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2025-09-05 08:16