WLFI Advisor Suffers Major ZRO Drawdown: 33,411 Token Spot Purchase Now Underwater

A WLFI advisor named Ogle is dealing with substantial losses on a leveraged ZRO position, according to on-chain monitoring platform HyperInsight. The trader has taken a long bet on 775,000 ZRO tokens at 5x leverage, entering at an average price of $2.15 per token. With LayerZero’s ZRO currently trading at $1.67, the unrealized losses on this margin position have mounted significantly since the trade was initiated on February 10.

The Leveraged Bet That Turned South

BlockBeats’ data tracking reveals that Ogle’s margin position is now showing considerable drawdowns as ZRO continues to trade below the entry point. The 5x leverage amplifies both potential gains and losses—in this case, pushing the trader deeper into the red. This type of leveraged long position becomes increasingly risky as prices move downward, especially in volatile market conditions where rapid liquidations can occur.

An Earlier Spot Market Move

Interestingly, approximately one month before taking on the leveraged position, Ogle had already accumulated 33,411 ZRO tokens through direct spot market purchases. This earlier accumulation suggests a bullish thesis on the LayerZero protocol token, but the subsequent leveraged bet appears to have turned that conviction into a costly miscalculation. Both the spot holdings and the margin position are now trading at significant losses, reflecting broader market pressure on ZRO holdings during this period.