WLFI Advisor Ogle Faces $472K Loss on TRUMP Token Amid Volatile Market Moves

On-chain analyst Ai Yi (@ai_9684xtpa) recently highlighted significant trading activity by WLFI advisor Ogle (@cryptogle) involving the TRUMP token. Ogle has executed two major contract positions on TRUMP, resulting in a combined loss of approximately $472,000. His initial capital of 1.35 million USDC has diminished to 866,000 USDC, reflecting the volatility and risk inherent in leveraged crypto trading.

On June 6th, following a public announcement by Eric Trump regarding a strategic partnership between TRUMP and WLFI, the token experienced a sharp price increase. This surge compelled Ogle to close a 10x short position at a loss of $186,000. Subsequently, he shifted to a 4x long position valued at $2.78 million, currently showing an unrealized loss of $280,000, with an entry price of $10.29 and a liquidation threshold at $6.77.

Ogle addressed the market reaction on social media, clarifying that TRUMP and WLFI operate as independent projects. He emphasized the importance of hedging strategies during periods of market uncertainty, underscoring prudent risk management practices in the crypto investment landscape.