Key Takeaways
Are World Liberty Financial whales giving up?
Not entirely. While one whale pulled 11M WLFI worth $2.15M from liquidity and sold, creating sharp downside pressure, broader whale activity remains mixed.
What’s driving WLFI’s current selling pressure?
Futures Netflow dropped to -14.81M, retail selling volume exceeded buys by 192M WLFI — signs of aggressive sell pressure pushing the token toward $0.186 support.
World Liberty Financial [WLFI] bounced back moderately as it successfully defended the $0.20 support, after dropping to a local low $0.19.
In fact, as of this writing, WLFI was trading at $0.200, rising by 0.92% on the daily charts.
Before this gain, the altcoin had been on a strong downtrend, dropping by 36% over the last 30 days. Now, some market players are signaling fatigue and taking a step back.
What are WLFI whales up to?
As WLFI dropped below $0.2, a whale panicked and hurriedly closed its positions. Per Lookonchain, a whale removed 11 million WLFI worth $2.15 million from the liquidity pool, selling them for 521 Ethereum [ETH].
Usually, when an offload occurs, it signals a lack of confidence in the market. However, not all whales exhibit this type of behavior.
According to Nansen data, World Liberty Financial whales have recorded a positive balance change for three consecutive days.
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Author: Gladys Makena
