A significant downturn has hit the World Liberty Financial (WLFI) token, resulting in substantial losses for whales who invested during its early hype. Since its launch price, WLFI’s value has plunged over 40%, costing investors millions as they succumbed to FOMO (fear of missing out). Onchain Lens data reveals that one whale experienced a loss of $1.635 million by closing their long position in WLFI perpetual futures, attempting to profit from the token’s potential growth. Another trader, seeking quick profits on WLFI, took the opportunity to re-enter after initial gains and incurred a loss of $2.2 million on Hyperliquid. Meanwhile, a short seller gained $1.8 million in profits. 47 million tokens were burned recently as part of a price increase plan but failed to prevent further decline, with WLFI experiencing an additional 18% drop the following day. As a result, its value plummeted to approximately $0.23.