WLFI advisor Ogle shorted $2.71M in TRUMP with 10x leverage, triggering backlash despite claiming the trade was a personal hedge.
The wallet holds nearly all funds in TRUMP shorts with zero in staking or vaults, signaling high-risk conviction in downside momentum.
TRUMP token dropped 10.75% as volume spiked 205%, while social mentions collapsed from 164K in Jan to 10K, fueling bearish sentiment.
A high-leverage short against the OFFICIAL TRUMP (TRUMP) token by a wallet linked to World Liberty Financial (WLFI) advisor Ogle has ignited backlash across the memecoin community. The $1 million USDC position, opened through Hyperliquid with 10x leverage, reflects a $2.71 million bet on TRUMP’s decline.
WLFI Advisor Opens $2.71M Short on TRUMP
According to a post by Spot On Chain, Ogle deposited $1 million USDC into Hyperliquid before shorting 274,600 TRUMP at an average entry of $9.485. The position is now down over $101,977, excluding $3,017 in funding fees, with liquidation looming at $12.489.
The associated wallet holds $896,711 in value, with over 99 percent locked in perpetual positions. No assets are staked or vaulted. The spot balance is just $8.47, revealing full directional exposure to downside momentum in TRUMP-USD perpetual futures.
The WLFI advisor stated the short has no connection to WLFI and is a hedge during uncertain market conditions. Critics, however, accuse him of profiting after attending a TRUMP dinner, despite his denial of insider information.
Wallet Structure and Strategic Exposure
Three separate short orders, 20,584.2, 32,868.4, and 66,742.7 TRUMP, were opened on June 5 at prices between $9.50 and $9.5182. These trades total $1.14 million and represent an aggressive short thesis executed within hours of the initial deposit.
According to data from CoinMarketCap, TRUMP is now trading at $9.67 after a 10.75 percent daily decline. Market cap has dropped to $1.93 billion while 24-hour volume surged to $869 million, suggesting forced volatility and aggressive repositioning by large players.
The fully diluted valuation sits at $9.67 billion, with no token inflation risk due to a fixed max supply of 999.99 million. Only 199.99 million are in circulation, reflecting 20 percent market float, ideal for high-leverage volatility setups.
Social Sentiment and Market Momentum
X users defended Ogle’s trade, emphasizing that WLFI and TRUMP are unrelated and that hedging does not equal betrayal. Community sentiment remains polarized amid price instability and transparency concerns.
LunarCrush data shows a plunge in TRUMP mentions from 164,217 in January to 10,780 today. The token has fallen from $45 to under $10, reflecting waning hype and a bearish narrative dominating TRUMP’s memecoin cycle.
The post TRUMP Token Drops 10% After WLFI Advisor Opens $2.71M High-Leverage Short appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
