Whale wallet reportedly increases World Liberty (WLFI) holdings by about ₩54 billion... "Preparation for listing?"
Summary
- A major whale wallet has reportedly made an additional purchase of about ₩54,440,000,000 worth of World Liberty Finance (WLFI) tokens.
- There are expectations within the community that WLFI’s first governance vote may be related to token listing.
- It is interpreted that there is a movement to secure tokens ahead of the initial price formation after token distribution via OTC.
An address suspected to be held by a large whale or institution has reportedly purchased $40 million worth of World Liberty Finance (WLFI) tokens. Some interpret this as whale activity ahead of WLFI's potential listing.
According to crypto-specialized media Cryptopolitan on the 12th, a wallet address holding about 800 million WLFI recently acquired $40 million (about ₩54,440,000,000) worth of WLFI through an over-the-counter (OTC) transaction.
WLFI is the governance token for World Liberty Fi, with the first governance vote scheduled to begin on June 16. Within the community, there are expectations that the first voting agenda could be related to the token listing.
The outlet stated, "Currently, WLFI is not listed. This appears to be a preparatory step for trading on a decentralized exchange (DEX)," adding, "Within the community, the move is interpreted as an attempt to secure tokens after OTC distribution, in anticipation of the initial price at listing."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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