Whales worldwide are losing millions on Trump-linked WLFI coin after a 40% price drop amid reduced supply. Multiple whales report significant losses, including a $1.6M loss from a leveraged position and a $2.2M loss from a long position. The burn event of 47M tokens failed to stabilize prices, which fell 41% since Monday. Investor confidence collapsed, with 31.9% of users viewing the coin as a bear market. The article highlights the impact of political sentiment on crypto markets, as Trump-linked tokens face ongoing volatility.
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