Key dealers
- World Liberty’s adviser lost over $ 100,000 by short -circuit $ Trump.
- The adviser used 10X leverage with 1 million USDC on Hyperliquid.
A wallet believed to belong to Ogle, the pseudonymic crypto -influencer and counselor for World Liberty Financial, has laid out unrealized losses exceeding $ 100,000 after bet against $ Trump MEME -Token, according to data Tracked by Lookonchain.
Looks like Trump’s world freedom (@worldlibertyfi) is AirDropping $ 47 USD1 to each wallet that participated in $ WLFI sale.https://t.co/kbyhk9ushq pic.twitter.com/yt8y7ipfpu
– Lookonchain (@lookonchain) June 4, 2025
Oggle reportedly opened a 10X -utilized $ Trump at an entry price of $ 9.4, with a liquidation level set at $ 12.49. Although the Meme coin shortly dipped during the entrance point, it has since recovered above that level.
$ Trump is currently trading around $ 9.8, a decrease of about 10% over the past 24 hours, according data.
President Trump’s official coins fell under $ 10.5 on Thursday afternoon after fresh legal drama and political warmth.
World Liberty, strongly supported by the Trump family, including Donald Trump Jr. and Eric Trump, issued a cessation letter To fight against Fight Fight, the team behind the official Trump coin and to Magic Eden, over their development of an unjustified Trump brand crypto wallet, Per Bloomberg.
After the existence of the wallet appeared, Eric Trump threatened legal actionWhich means that the Trump family had no connection to the initiative.
While previous interactions had blurred boundaries between Trump theme crypto projects, the family now insists that they have no commitment to the crypto project and annoyed that their official wallet will come soon.
Bearish Momentum intensified later in the day after President Trump publicly drove back against Elon Musk’s criticism of the “a great beautiful bill”, a legislation that Trump has advocated.
Musk responded quickly and disputes Trump’s statements and ignited what many call the most profiled feud between two of the most influential figures in technology and politics.
Tension between Trump and Musk Was spilled in the markets on Thursday and reduce both traditional and crypto assets. The Tesla shares threw More than 15%, their worst marks a day’s performance since September 2020, according to Yahoo Finance.
It wasn’t just $ Trump and $ TSLA that felt the heat. The wider crypto market took a hit, with bitcoin short dipping below $ 101,000.
Ethereum fell by about 7%, Solana fell 5%and both XRP and BNB slipped about 4%when the risk-off feeling was spread.
In a day when most things fell apart, speedcoin (Speedcoin) was an unexpected winner. The token rose above 10% after Coinbase put it on its listing radar.
