- WLFI advisor Barry Ogle opened a $2.71M leveraged short against TRUMP meme coin, risking liquidation above $12.489.
- Ogle called the bet a ‘hedge’ during uncertainty, stressing TRUMP and Trump-linked WLFI are separate entities.
An advisor connected to the World Liberty Financial (WLFI) project, which has ties to the Trump family, initiated a substantial leveraged trade against a competing Trump-themed memecoin.
Barry Ogle, serving as an advisor to WLFI, opened a short position using 10x leverage, valued at $2.71 million, targeting the TRUMP memecoin. At the time of reporting, the TRUMP memecoin traded below $10. Ogle’s position faced automatic closure if the price rose near $12.489.
Ogle (@cryptogle), advisor of @worldlibertyfi, deposited $1M $USDC into #Hyperliquid to short $TRUMP with 10x leverage ~6 hours ago.
The position: 274,600 $TRUMP ($2.71M), currently down $105K, with a liquidation price of $12.489.
Yet, he also noted that the Trump meme token is… https://t.co/BjaJHuVZdZ pic.twitter.com/ufjE52Xztl
— Spot On Chain (@spotonchain) June 6, 2025
Ogle defended this action publicly. He described the short trade as a method to reduce risk exposure, calling it a “hedge.” Ogle also stressed the separation between the TRUMP memecoin project and WLFI.
“How do folks still not know that the Trump meme token project is different from the World Liberty Financials one? Anyway, in times of uncertainty, you hedge,” Ogle stated. This statement occurred against a backdrop of existing friction between the groups.
The friction involves WLFI and the team behind the TRUMP memecoin, known as Fight Fight Fight (FFF). The conflict intensified recently. The FFF team released a digital wallet branded with Trump’s name.
Subsequently, WLFI sent a formal cease and desist letter to Fight Fight Fight regarding this wallet, as confirmed by Bloomberg reporting. This legal step marks a visible escalation.
Market data reflects the tension’s impact. Holder conviction for the TRUMP memecoin decreased slightly. Dune Analytics recorded a 0.04% drop in holder numbers over one day. The decrease measured 0.17% across the past month.
This trend indicates reduced confidence following the reported crypto dinner event. Concurrently, the TRUMP token price fell 40% from its mid-May level of $16, slipping under $10. Its 12-hour Relative Strength Index (RSI) entered oversold territory, a condition last seen in April.
Market structure analysis offers potential support levels
CoinGlass data identified a high liquidity pool near the $10 price point, totaling approximately $20 million. This concentration could influence price movement if sentiment improves. However, broader futures market data presents a cautionary view.
TRUMP’s Open Interest (OI), reflecting active derivative contracts, halved from over $800 million in May to $400 million in early June. This 50% reduction signals diminished trader activity and reinforces a cautious, or bearish, outlook. Continued trader caution could exert further downward pressure on the price.
