The WLFI team has transferred approximately $55.57 million worth of tokens to an unlock contract, potentially linked to a recent 6.22 billion token unlock proposal. On-chain analyst Aunt Ai reported that three addresses associated with the WLFI team moved 8.33 billion WLFI tokens in batches over the past 24 hours. These funds were sourced from the WLFI multisig and strategic reserve addresses.
The receiving address now holds a total of 17.82 billion WLFI tokens, valued at $1.19 billion. This significant transfer activity suggests preparations for a major token unlock, aligning with the proposed 6.22 billion token release.
WLFI Team Transfers $55.57M in Tokens to Unlock Contract
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.