World Liberty expert encounters six-figure loss after shorting $TRUMP on Trump-Musk results

Key Takeaways

World Liberty’s advisor lost over $ 100, 000 by shorting $TRUMP.
The advisor made use of 10 x utilize with 1 million USDC on Hyperliquid.

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A budget believed to belong to Ogle, the pseudonymous crypto influencer and consultant to Globe Freedom Financial, has actually published unrealized losses going beyond $ 100, 000 after betting against the $TRUMP meme token, according to information tracked by Lookonchain.

Looks like Trump’s World Liberty (@worldlibertyfi) is airdropping 47 $USD 1 to every wallet that participated in the $WLFI sale.https:// t.co/ kbyhK 9 usHQ pic.twitter.com/YT 8 Y 7 IpfpU

— Lookonchain (@lookonchain) June 4, 2025

Ogle supposedly opened a 10 x leveraged brief on $TRUMP at an entry rate of $ 9 4, with a liquidation degree evaluated $ 12 49 Although the meme coin briefly dipped below the entrance point, it has given that rebounded above that degree.

$TRUMP is presently trading at around $ 9 8, down around 10 % over the previous 24 hours, according to CoinGecko information.

President Trump’s official coin went down listed below $ 10 5 on Thursday mid-day following fresh lawful drama and political heat.

World Liberty, strongly backed by the Trump family members, consisting of Donald Trump Jr. and Eric Trump, issued a cease-and-desist letter to combat Battle Battle, the team behind the Authorities Trump coin, and to Magic Eden, over their growth of an unaffiliated Trump-branded crypto pocketbook, per Bloomberg.

After the budget’s existence appeared, Eric Trump endangered legal action, making it clear the Trump household had no link to the initiative.

While prior communications had actually blurred the lines in between Trump-themed crypto jobs, the family now urges they have no involvement in the crypto project and teased that their main wallet is coming soon.

Bearish momentum magnified later in the day after Head of state Trump openly pressed back versus Elon Musk’s criticism of the “One Huge Gorgeous Bill,” an item of regulations Trump has actually promoted.

Musk responded quickly, challenging Trump’s statements and sparking what lots of are calling the most top-level feud between two of the most prominent numbers in tech and politics.

Stress between Trump and Musk spilled into the markets on Thursday, dragging down both conventional and crypto possessions. Tesla shares dove greater than 15 %, marking their worst single-day performance given that September 2020, according to Yahoo Money.

It wasn’t just $TRUMP and $TSLA really feeling the warmth. The more comprehensive crypto market took a hit, with Bitcoin briefly dipping below $ 101, 000

Ethereum dropped by around 7 %, Solana dropped 5 %, and both XRP and BNB glided approximately 4 % as risk-off sentiment spread.

On a day when most things broke down, Fartcoin (FARTCOIN) was an unexpected champion. The token soared over 10 % after Coinbase placed it on its listing radar.

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