Crypto Trader Scores $250M Payday as Trump-Linked WLFI Hits Open Market
A trader who made $38 million trading last week's plasma (XPL) volatility secured another heft payday on Monday, profiting $250 million on the release world liberty financial (WLFI), a decentralized finance (DeFi) token linked to U.S. president Donald Trump's family.
Etherscan data shows that the wallet in question, belonging to a trader known on derivatives platform HyperLiquid and X as Techno Revenant, invested $15 million in the WLFI token sale last year before being distributed 1% of the total supply on Monday, worth around $250 million.
The nine-digit score comes after the trader made $38 million on HyperLiquid last week, trading XPL as it spiked and wiped out $130 million in open interest on the futures market.
WLFI began trading on Monday, spiking to 40 cents before retreating to 25 cents in a rollercoaster session that experienced more than $5 billion in trading volume.
While Techno Revenant calmly collected a $250 million payday, others were not as lucky as hackers ran a targeted phishing campaign against WLFI token holders.
Security experts labeled it a “classic EIP-7702 phishing exploit" as hackers exploited a loophole tied to Ethereum’s recent Pectra upgrade.
Read more: Holders of Trump’s Crypto Token Targeted by Hackers in Phishing Exploit
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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