Tradr 2X Long WULF Daily ETF is trading lower at $53.26 (3.5% down) in pre-market action, reflecting leveraged downside to its underlying asset, TeraWulf (WULF).
- The move comes as TeraWulf (WULF) undergoes a technical pullback following an aggressive rally fueled by optimism surrounding its AI and high-performance computing (HPC) initiatives.
- Broader market sentiment is contributing to the decline, with U.S. equity futures and tech-sensitive assets showing a risk-off tone ahead of the high-stakes U.S. payrolls report.