A significant World Liberty Financial whale has sold 11 million WLFI tokens, valued at $2.15 million, for 521 ETH, intensifying sell pressure on the token. This transaction caused WLFI's price to briefly dip to $0.19 before recovering to $0.20. Despite this large offload, overall whale activity remains varied, with Nansen data indicating a positive balance change over the past three days as whales acquired 61 million tokens.
Market dynamics show a drop in Futures Netflow to -$14.81 million, while Spot market selling activity has increased, resulting in a negative buy-sell delta of -192.44 million. Technical indicators such as the RSI and Stochastic RSI suggest bearish momentum, with $0.186 identified as a critical support level for WLFI.
World Liberty Financial Whale Sells 11M WLFI Tokens for $2.15M
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