WLFI experienced a significant 25% drop as a $190 million sell-off led to a cascade of long liquidations, reducing open interest to $300 million. In response, the WLFI team initiated a $7.15 million buyback of 55.69 million tokens, but this effort failed to halt the decline. CoinGlass data indicates that WLFI is now at a critical resistance level of $0.13, with further losses anticipated unless there is renewed demand in both spot and futures markets.