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

A pseudonymous trader scored a massive payday on Monday, turning a $15 million WLFI investment into $250 million as hackers targeted the token’s debut.

By Oliver Knight

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Edited By Parikshit Mishra

about 4 hours ago

Jackpot (CoinDesk Archives)Jackpot (CoinDesk Archives)

What to Know

The trader known as Techno Revenant received 1% of WLFI’s supply on Monday, netting $250 million after investing $15 million last year.

The nine-digit profit follows a $38 million win last week trading plasma (XPL) volatility on derivatives platform HyperLiquid.

A targeted phishing campaign exploited Ethereum’s new Pectra upgrade via an “EIP-7702 exploit,” draining funds from unlucky token holders.

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.

XPL/USD (TradingView)

XPL/USD (TradingView)

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