The WLFI token, which is linked to former President Donald Trump, has experienced a dramatic decline of 40% in its value, leaving many large investors, often referred to as "whales," feeling the impact of this significant drop. This downturn comes despite efforts to execute a massive token burn aimed at reducing supply and potentially boosting the price, indicating that these measures were insufficient to stabilize the cryptocurrency's market performance. As a result, both casual investors and large stakeholders are left reeling from the consequences of this sudden market shift.
source: https://blocknews.com/trump-linked-wlfi-token-tanks-40-whales-crushed-as-massive-burn-fails-to-save-it/