The WLFI token experienced a dramatic decline following its launch, with many significant investors encountering losses. On-chain analysis reveals that several high-value wallets are currently in the red zone, struggling to recover from early gains. 854RaR, a prominent whale, purchased 7.4 million WLFI for $2 million three days ago but now faces a near-$650,000 loss as its value drops significantly. This has caused the token’s price to plummet by over 20% in just the past 24 hours, dropping from an all-time high of $0.46 on September 1st to $0.1822 today. The market capitalization has also fallen from nearly $8 billion on September 1st to a current value of $4.98 billion. Several traders have publicly reported significant gains and losses. ‘0x1527’ is down over $2.2 million on his WLFI long position, while ‘0x92bb’ is up over $1.8 million on his short position.