Crypto Trader Scores $250M Payday as Trump-Linked WLFI Hits Open Market

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A trader who made $38 cardinal trading last week's plasma (XPL) volatility secured different heft payday connected Monday, profiting $250 cardinal connected the merchandise satellite liberty fiscal (WLFI), a decentralized concern (DeFi) token linked to U.S. president Donald Trump's family.

Etherscan data shows that the wallet successful question, belonging to a trader known connected derivatives level HyperLiquid and X arsenic Techno Revenant, invested $15 cardinal successful the WLFI token merchantability past twelvemonth earlier being distributed 1% of the full proviso connected Monday, worthy astir $250 million.

The nine-digit people comes aft the trader made $38 cardinal connected HyperLiquid past week, trading XPL arsenic it spiked and wiped retired $130 cardinal successful unfastened involvement connected the futures market.

XPL/USD (TradingView)

WLFI began trading connected Monday, spiking to 40 cents earlier retreating to 25 cents successful a rollercoaster session that experienced much than $5 cardinal successful trading volume.

While Techno Revenant calmly collected a $250 cardinal payday, others were not arsenic fortunate arsenic hackers ran a targeted phishing run against WLFI token holders.

Security experts labeled it a “classic EIP-7702 phishing exploit" arsenic hackers exploited a loophole tied to Ethereum’s caller Pectra upgrade.

Read more: Holders of Trump’s Crypto Token Targeted by Hackers successful Phishing Exploit

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