The largest individual holder of WLFI tokens, identified as moonmanifest.eth, has been linked to the trader Techno_Revenant by Arkham. This address invested $15 million in the first public round seven months ago, comprising 13 million USDC and 2.01 million USDT, and currently holds 1 billion WLFI tokens, representing 1.0007% of the total supply. Despite conflicting platform labels, Nansen's cross-verification suggests a high likelihood of the address belonging to Techno_Revenant.
This revelation answers questions about how a novice contract trader could afford significant positions in XPL, highlighting that financial capability is not necessarily linked to trading experience. However, it raises concerns about potential market manipulation, given the substantial WLFI holdings.
Top WLFI Holder Identified as Trader Techno_Revenant
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.