Trump-Linked WLFI Futures Plunge 44% on Debut as Traders Rush to Short
WLFI futures got absolutely hammered on day one—tumbling a brutal 44% as traders piled into short positions against the Trump-affiliated token.
The Mass Exodus
Market sentiment turned sharply bearish almost immediately after launch. Traders didn’t just hesitate—they actively bet against it, driving the price into a tailspin.
A Reality Check in Real-Time
No hype, no political clout—just pure, unfiltered market forces at work. The numbers tell the story: a 44% drop speaks louder than any endorsement ever could.
Welcome to crypto—where even the biggest names can’t defy gravity forever. Sometimes, the market’s just smarter than the narrative.
More than $59 million in trading volume has been recorded, with $57 million in open interest, according to HyperLiquid. Open interest measures the nominal amount of open positions on a specific market.
The funding rate is also skewed to the downside at an annualized rate of -35%. When negative rates occur, traders holding short positions need to pay those holding longs, a classic bearish signal.
Negative funding rates have been rare of late in the crypto market despite major assets like BTC and ETH selling off. WLFI's negative rate demonstrates how traders believe the token is overvalued and are so confident in further downside that they are willing to pay to hold the short position.
