World Liberty Financial (WLFI) is under scrutiny again, this time due to allegations of market manipulation. On-chain data reveals structured token transfers from the WorldLibertyFinancialVester (Proxy) address, coinciding with profit-taking by early insiders. Meanwhile, derivatives traders are betting against WLFI's rally, with funding rates across Binance and OKX flipping negative ยน.
*Key Concerns* ๐
- *Insider Selling*: WhaleWire CEO Jacob King alleges that WLFI insiders are selling millions of dollars worth of tokens, potentially indicating a pump-and-dump scheme.
- *Concentration Risk*: One major holder outlier could make the market feel controlled, rather than a free trade.
- *Regulatory Risks*: The project's heavy concentration of tokens among insiders and potential regulatory issues raise concerns about market stability and transparency.
*Market Impact* ๐
- *WLFI Price*: The token's price has dropped 12.1% to $0.2452, sparking discussions about the sustainability of its initial valuation and insider-heavy distribution.
- *Investor Sentiment*: The allegations have led to increased caution among investors, with some questioning the project's decentralization and long-term stability.
*Stay Informed* ๐ข
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