Whales, or massive cryptocurrency traders, have misplaced hundreds of thousands of {dollars} by betting on the worth appreciation of the Trump family-linked World Liberty Monetary (WLFI) token.
Since its launch on Monday, the WLFI token’s worth fell by over 40%, regardless of a large-scale token burn occasion that completely decreased the token’s circulating provide, aiming to tighten provide and increase the worth of the remaining tokens available on the market.
Regardless of the over 40% decline, a few of the pre-sale holders are nonetheless exhibiting confidence within the presidentially endorsed token.
Out of greater than 85,000 pre-sale contributors, 60% had been nonetheless holding the token, whereas solely 29% had absolutely bought, wrote blockchain knowledge platform Bubblemaps, in a Wednesday X post.
Whales lose hundreds of thousands on Trump-linked WLFI’s 40% dip, regardless of 47 million burn
Massive crypto traders, or whales, had been struggling hundreds of thousands in losses on the Trump family-linked World Liberty Monetary (WLFI) token, which continued to say no regardless of a proposal to scale back the circulating provide.
Whale wallet 0x432 misplaced greater than $1.6 million after closing a 3x leveraged WLFI lengthy place, in keeping with Onchain Lens.
“The ethical of the story: by no means be in FOMO,” quick for concern of lacking out, wrote the platform in a Thursday X post, referencing the whale’s hasty funding transfer.
The investor had opened a second lengthy place on the WLFI token simply 15 hours after closing a earlier one with a $915,000 revenue, solely to lose the $1.6 million.
Confidence in Trump-linked token weakens
Different whales had been additionally exiting WLFI positions at a loss, signaling waning confidence within the Trump-affiliated token’s worth outlook.
The whale promoting got here a day after the WLFI platform burned 47 million tokens on Wednesday, completely eradicating them in a bid to tighten provide and increase the worth of the remaining tokens.
The token burn was not sufficient to cease its post-launch decline, because the WLFI worth fell one other 18% within the 24 hours main as much as 8:31 am UTC Thursday, marking a complete decline of 41% because it was launched on Monday, in keeping with CoinMarketCap knowledge.
Avalanche exercise pushed by DEXs, buying and selling bots, whale memecoin hypothesis
Good contract blockchain Avalanche recorded a constant surge in blockchain exercise, as analysts pointed to rising decentralized buying and selling actions and returning crypto whale hypothesis on the following rising memecoin.
Avalanche’s transaction growth surpassed all different blockchains the previous week, growing 66% to 11.9 million transactions throughout greater than 181,000 lively addresses, signaling rising investor mindshare specializing in the blockchain.
The milestone occurred after a “landmark effort” by the US Division of Commerce, which adopted Avalanche, together with 9 different public decentralized blockchains, to publish its actual gross home product (GDP), Cointelegraph reported on Aug. 29.
Regardless of Avalanche’s rising institutional and governmental adoption, we “can’t at this level attribute this to the US Authorities adopting Avalanche for its GDP knowledge,” stated Nicolai Sondergaard, analysis analyst on the Nansen crypto intelligence platform.
The community’s growing blockchain exercise was primarily pushed by decentralized finance (DeFi) merchants, miner extractable value (MEV) buying and selling bots and whales speculating on the following massive memecoin launch, the analyst advised Cointelegraph, including:
“The transaction surge is pushed by: 60% DeFi protocol exercise (Dealer Joe, Aave, Benqi), 25% Automated buying and selling bots and MEV, and 10% Whale buying and selling and memecoin hypothesis […].”
The analysis analyst stated that the extra 5% of exercise was attributed to blockchain gaming and non-fungible tokens (NFTs).
DeFi lending rises 72% on institutional curiosity, RWA collateral adoption
Decentralized lending protocols are surging in complete worth and set to capitalize on the rising institutional adoption of stablecoins and tokenized belongings, in keeping with Binance Analysis.
Decentralized finance (DeFi) lending protocols are automated techniques that facilitate lending and borrowing for traders by way of good contracts, eliminating the necessity for monetary intermediaries like banks.
DeFi lending protocols have risen greater than 72% year-to-date (YTD), from $53 billion firstly of 2025 to over $127 billion in cumulative complete worth locked (TVL) on Wednesday, in keeping with Binance Analysis.
This explosive development is attributed to DeFi lending protocols benefiting from accelerated institutional adoption of stablecoins and tokenized real-world assets (RWAs).
“As stablecoin and tokenized asset adoption accelerates, DeFi lending protocols are more and more positioned to facilitate institutional participation,” wrote Binance Analysis in a Wednesday report shared solely with Cointelegraph.
A good portion of this development was attributed to Maple Finance and Euler, which noticed 586% and 1,466% rises, respectively.
“As tokenized belongings proceed integrating into the mainstream monetary system, we count on a brand new technology of onchain monetary merchandise to emerge, enabling extra environment friendly, clear, and accessible capital markets,” a Binance Analysis spokesperson advised Cointelegraph, including:
“DeFi lending protocols, specifically, supply a programmable and interoperable framework that makes them well-suited to facilitate better institutional participation.”
This rising dynamic is ready to boost DeFi liquidity and the broader crypto ecosystem by “bridging conventional finance and decentralized infrastructure,” added the spokesperson.
Mantle 2.0 to speed up DeFi-CeFi convergence: Delphi Digital
Mantle 2.0, which goals to change into the institutional “liquidity chain” for tokenized real-world belongings, is championing a brand new enterprise mannequin which will speed up the mutually useful convergence between the trade’s centralized and decentralized contributors.
Mantle Community was initially launched as an Ethereum layer-2 (L2) scaling resolution in 2021 below BitDAO, as the primary L2 community launched by a decentralized autonomous group (DAO).
In July 2023, BitDAO and Mantle Community consolidated into the Mantle model and the Mantle (MNT) token.
The mission is now getting into a “new section in its lifecycle,” dubbed Mantle 2.0. It’s marked by Bybit executives being put in as key advisers and a brand new roadmap concentrating on the convergence of centralized finance (CeFi) and decentralized finance (DeFi), in keeping with crypto analysis agency Delphi Digital’s Wednesday report.
Mantle 2.0 could champion a brand new enterprise mannequin for the cryptocurrency trade, encouraging extra DAO-governed tasks to merge with main centralized exchanges, combining the benefits of decentralized governance with the deep liquidity and mainstream person base of centralized buying and selling venues.
On Aug. 18, the Bybit trade launched a number of unique campaigns and earn merchandise for the MNT token.
On Aug. 29, Bybit trade and Mantle revealed a mixed roadmap, which awarded MNT holders decrease slippage buys, extra cost choices inside the Bybit ecosystem and different financial savings and staking merchandise.
“Mantle is now not simply an L2 however the basis of Bybit’s ecosystem. This isn’t a easy partnership however a play for RWA dominance,” wrote Delphi Digital in a Wednesday X post, including:
“This replace shifts the Mantle token right into a Bybit utility asset.”
“This anchors MNT’s worth to Bybit’s large day by day quantity ($3-5B spot, $25B+ derivatives) over easy governance,” wrote the analysis agency, including that we’re seeing the emergence of a “new aggressive panorama that merges TradFi infrastructure with DeFi rails.”
Venus Protocol recovers person’s $13.5 millon stolen in phishing assault
Decentralized finance (DeFi) lending platform Venus Protocol helped a person get well stolen crypto following a phishing assault tied to North Korea’s Lazarus Group.
On Thursday, Venus Protocol announced that it had helped a person get well $13.5 million in crypto after the phishing incident that occurred on Tuesday. On the time, Venus Protocol paused the platform as a precautionary measure and commenced investigating.
In keeping with Venus, the pause halted additional fund motion, whereas audits confirmed Venus’ good contracts and entrance finish had been uncompromised.
An emergency governance vote allowed the pressured liquidation of the attacker’s pockets, enabling stolen tokens to be seized and despatched to a restoration tackle.
DeFi market overview
In keeping with knowledge from Cointelegraph Markets Pro and TradingView, many of the 100 largest cryptocurrencies by market capitalization ended the week within the inexperienced.
The meme token MemeCore (M) rose by over 236% because the week’s greatest winner within the high 100, adopted by memecoin launchpad Pump.fun’s (PUMP) token, up over 41% throughout the previous week.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be a part of us subsequent Friday for extra tales, insights and schooling relating to this dynamically advancing area.
