Whale Spends 248 ETH Buying 6.95M BLOCK Tokens Pre-WLFI

A major whale created a new Ethereum wallet (0x8C43) and spent 248 ETH (approximately $1.12 million) acquiring 6.95 million BLOCK tokens, according to Lookonchain. This accumulation comes just hours before the WLFI token is set to launch. The whale’s early purchase signals growing interest in BLOCK tokens ahead of the WLFI listing, highlighting a potential bullish catalyst for both assets as market participants prepare for increased trading activity.
Bullish
The whale’s large-scale acquisition of 6.95 million BLOCK tokens using 248 ETH shortly before the WLFI listing indicates strong on-chain demand. Historically, similar whale accumulations ahead of token launches and listings—such as early purchases of memecoins—have sparked rapid price rallies and attracted retail traders. In the short term, increased attention and trading volume around BLOCK and WLFI could drive prices higher. Long term, sustained support will depend on listing performance and project fundamentals, but the early whale move suggests a bullish outlook.