WLFI Exec Shorts TRUMP Token Amid Rising Tensions
Key Takeaways
A senior executive at World Liberty Financial (WLFI) has opened a short position against the TRUMP memecoin. The position is leveraged at 10x and amounts to 2.71 million US dollars. This move comes amid growing tensions between the teams behind WLFI and the TRUMP memecoin. The token’s price fell below the 10-dollar mark, indicating strong bearish sentiment in the market.
Short Position Against TRUMP Memecoin
Ogle, an advisor to the WLFI project, opened a short position on the TRUMP token. This is a bet on falling prices, executed with 10x leverage. The position was opened at a price of around 12.49 US dollars. At the time of publication, the price had already dropped below 10 US dollars.
Ogle publicly defended his decision, describing the move as a hedge against market risks and emphasizing that WLFI and the TRUMP memecoin are two independent projects.
Tensions Between WLFI and TRUMP Team
The differences between the two projects, both associated with the Trump name, are increasing. One trigger was the launch of a new Trump crypto wallet by the team behind the TRUMP memecoin, also known as “Fight Fight Fight.” WLFI responded with a cease-and-desist letter, according to Bloomberg.
These disputes could undermine investor confidence. Data from Dune Analytics shows that the number of TRUMP token holders declined by 0.04% in the past 24 hours and by 0.17% over the past month.
Market Development and Technical Indicators
Since mid-May, the price of the TRUMP token has dropped from 16 US dollars to below 10 US dollars—a decline of around 40%. The Relative Strength Index (RSI) on the 12-hour chart is in oversold territory for the first time since April. This suggests a possible short-term recovery, provided buyers return.
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According to CoinGlass, there is a high liquidity pool of around 20 million US dollars at the 10-dollar level. This zone could provide short-term price stability if traders speculate on a rebound.
Decline in the Futures Market
Another signal of negative market sentiment is the decline in open interest (OI) in the futures market. Since May, OI has halved from over 800 million US dollars to around 400 million. This indicates that many traders have closed or reduced their positions—a clear sign of caution and uncertainty.
Our Assessment
The short position by a WLFI insider against the TRUMP memecoin is a clear signal of internal tensions and lack of confidence. The price decline, coupled with decreasing investor interest and falling open interest, underscores the bearish sentiment. The 10-dollar mark remains a critical level. If it is sustainably breached, further selling pressure may follow.
As an investor, you should monitor developments closely. The token’s political and media association with prominent names like Trump can amplify short-term price fluctuations. As long as the projects are not clearly separated, the risk remains high. Invest only if you can assess the volatility and are prepared to withstand short-term losses.
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