PiCK
WLFI transfers tokens to exchanges for a second straight day: “Possible additional deposits”
Summary
- World Liberty Financial said it deposited about 16.71 million WLFI tokens into OKX.
- It also deposited about 146.40 million WLFI tokens into OKX and Bitget the previous day, raising selling concerns.
- Onchain Lens cited the possibility of additional deposits into centralized exchanges, while WLFI has been trending lower recently.
Forecast Trend Report by Period
World Liberty Financial (WLFI), a crypto project backed by the family of U.S. President Donald Trump, has moved a large amount of its tokens to centralized exchanges (CEXs) for the second consecutive day.
According to Onchain Lens on the 5th (local time), World Liberty Financial deposited about 16.71 million WLFI tokens into OKX. At current prices, the transfer is worth $1.74 million (about 2.5 billion won).
In general, transferring tokens to an exchange is viewed as a potential sign of selling. Onchain Lens said there is “a possibility of depositing more (WLFI) tokens into centralized exchanges.”
Earlier, World Liberty Financial deposited about 146.40 million WLFI tokens into OKX and Bitget the previous day. At current prices, the transfer is worth $15.40 million (about 22.5 billion won).
As of this day, WLFI is trading at around $0.1034 on CoinMarketCap, down about 1.1% from the previous day. Compared with a week ago, it is down by nearly 10%.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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