Big crypto investors, or whales, were suffering millions in losses on the Trump family-linked World Liberty Financial (WLFI) token, which continued to decline despite a proposal to reduce the circulating supply.
data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitcoin-whale-rotates-into-ether-surpasses-sharplink-corporate-holdings” title=”null”>Whale wallet 0x432 lost more than $1.6 million after closing a 3x leveraged WLFI long position, according to Onchain Lens.
“The moral of the story: never be in FOMO,” short for fear of missing out, wrote the platform in a Thursday X data-ct-non-breakable=”null” href=”https://x.com/OnchainLens/status/1963498553441153114″ rel=”noopener nofollow” target=”_blank” title=”null”>post, referencing the whale’s hasty investment move.
The investor had opened a second long position on the…

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