Share this article
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.
Sep 2, 2025, 11:20 a.m.
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 volatility secured another heft payday on Monday, profiting $250 million on the release , 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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
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 in Phishing Exploit
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
