WLFI token bet cratered, shares down 89% from peak.
AI Financial Corp (formerly Alt 5 Sigma) paid $1.5B for 7.3B WLFI tokens worth $440M — a massive unrealized loss driven by token price decline and massive dilution.
The company increased its share count 10x while paying $1.5B for WLFI tokens now worth $440M. Insiders dumped stock; retail holders absorb the loss. The stock now trades at $0.64.
"Yet Another Trump-Backed Crypto Company Is Imploding"