【On-chain Small Data】WLFI has been issued for almost a week. Let's take a snapshot of the TOP address holdings and see the status of the whales' wallets.

A few days ago, the dump of $WLFI has been blamed on Sun Ge @justinsuntron secretly selling. Moreover, Sun Ge withdrew tokens worth 9M, and WLFI blacklisted Sun Ge's address, which seems to provide some kind of evidence?

👉 Yesterday, Sun Ge's survival instinct was strong, directly promising to buy 20M of $WLFI tokens and ALT5 stocks in the market, hoping to reflect it quickly on the K-line 🤣

Leaving aside whether Sun Ge sold or not, it's just right to take a snapshot of the TOP holders to pay attention to the dynamics of the giant whales.

💡 Sell-off Analysis

Most top wallets have varying degrees of profit-taking behavior, only Top 2 and 5 have not acted yet.

The Top 10 addresses have already generated an estimated 2B in $$WLFI actions, accounting for 4.63% of the total, with an estimated value of 400 million US dollars, mainly pressured by Top 7 to 10, as well as addresses further back.

The 9 million US dollars worth of tokens that Sun Ge transferred were not enough to cause too much of a drop even if sold all at once. As for how much WLFI users deposited into HTX, it's hard to say, but intuitively it shouldn't be too much.

For everyone, Sun Ge's setback might be more entertaining, but it feels like Sun Ge has a bit of grievance this time 😆