WLFI advisor Ogle opened a TRUMP contract with a cumulative loss of $470,000, suffering from a "long-short squeeze".

BlockBeats News, June 19th, according to on-chain analyst Ai Yi (@ai_9684xtpa), WLFI advisor Ogle (@cryptogle) has opened TRUMP contract positions twice, incurring a cumulative loss of $472,000 on TRUMP. His account's 1.35 million USDC balance has now been reduced to 866,000 USDC.

Previously, on June 6th, after opening a 10x short position on TRUMP, Eric, the second son of Trump, announced that TRUMP had formed a partnership with WLFI. Following this news, the token price soared, which forced Ogle to close his position with a loss of $186,000. After cutting his losses, he reversed his strategy and opened a 4x long position on TRUMP, currently facing an unrealized loss of $280,000. His entry price is $10.29, liquidation price $6.77, with a position size of $2.78 million.

BlockBeats previously reported that Ogle had responded on social media regarding the "shorting TRUMP" situation, stating: "TRUMP and WLFI are two separate projects; hedging is necessary during uncertain times."