Andrew Tate Liquidated for $67.5K on WLFI, Reopens Long
A wallet linked to Andrew Tate was liquidated on its long position in World Liberty Financial (WLFI) token, incurring a $67,500 loss. On-chain data from Lookonchain shows the liquidation occurred hours after WLFI’s volatile debut, where the token fell over 56% from its peak of $0.46 to around $0.20. Despite this setback, Tate immediately reopened a new long, acquiring 960,128 WLFI tokens, signaling continued confidence in the project. WLFI, backed by a Trump-affiliated venture, faced large insider and whale sell-offs minutes into trading, stoking concerns over early dumping. In response, the WLFI team proposed directing 100% of protocol-owned liquidity fees to buy back and burn tokens, making the token deflationary. With a fixed supply of 100 billion, the burn mechanism aims to stabilize price by reducing circulation. Traders will watch community approval and implementation timelines to gauge WLFI’s recovery potential.
Bearish
The liquidation of a high-profile WLFI holder highlights ongoing sell pressure and volatility, undermining short-term confidence. WLFI’s steep drop after launch, paired with insider and whale sell-offs, has fueled negative sentiment. While the proposed buyback and burn mechanism could support price over time, uncertainty around community approval and execution limits its immediate effect. Traders are likely to remain cautious, anticipating further dumps or implementation delays. In the short term, WLFI may face continued downward pressure as market participants wait for clear guidance on the deflationary plan. Long-term outlook depends on consistent application of the burn proposal and sustained investor trust, which past token launches have shown can be challenging to maintain.