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WLFI Executive Bets Against TRUMP Memecoin as Political Crypto Tensions Rise
WLFI Executive Bets Against TRUMP Memecoin as Political Crypto Tensions Rise
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[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN]
TRUMP News -
A senior advisor at World Liberty Financial (WLFI) has taken a major short position against the TRUMP memecoin, causing a 9% price drop on June 5th. The 10x Leveraged trade highlights escalating conflicts between Trump-linked crypto initiatives.
TRUMP fell below $10 as futures markets turned bearish. WLFI's Ogle characterized the $2.71 million short as a hedge, distancing WLFI's DeFi operations from the memecoin. The position faces liquidation risk at $12.489.
The dispute intensified when WLFI served a cease-and-desist to the TRUMP team regarding a controversial wallet launch. On-chain metrics show weakening holder confidence, with Dune Analytics reporting declining address activity.
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