🐳 Whale $WLFI causes a storm, but the market hasn't collapsed yet!
A sudden "whale" withdrew 11 million $WLFI (2.15 million USD) from liquidity and sold off, causing Futures Netflow to plunge by -14.81 million USD, while retail investors rushed to sell more than 192 million WLFI. The price immediately dropped to 0.19 USD, but quickly bounced back to hold at 0.20 USD.
However, over the past month, WLFI has still lost 36% of its value, and a sense of despair is spreading. Fortunately, data from Nansen shows that there are still other whales quietly accumulating up to 61 million WLFI, indicating that the market is not completely "toast".
If selling pressure continues, WLFI could break below 0.20 USD and test support at 0.186 USD. Conversely, bulls have a chance to push the price back to the 0.224 USD range in the short term.
👉 This article is for updating the situation only, not investment advice. If the whale jumps, remember to swim and not just stand and watch 😅.
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