The cryptocurrency market experienced a significant downturn after the price of World Liberty Financial (WLFI), a token linked to former President Donald Trump, dropped by over 40%. This dramatic decline, despite a proposed reduction in circulating supply aiming for greater value stability, has left investors with substantial losses. Whales, or large-scale crypto investors, have been particularly impacted, shedding millions as they attempted to capitalize on the token’s early promise. 47 million tokens were burned – a move aimed at tightening supply and boosting remaining values – but this proved insufficient to stem the overall downward trend. A new report from Bubblemaps reveals that over 60% of pre-sale investors are still holding WLFI, a sign of lingering optimism despite the steep losses.