WLFI Public Sale Top 10 Hold 4.63%, TGE Unlock $264M Tokens
On August 24, on‐chain analyst @ai_9684xtpa reported that the top 10 participants in the WLFI public sale collectively hold 4.63% of the total token supply (4.64 billion WLFI), having invested USD 73.08 million. All ten addresses took part in the first fundraising phase, with one address adding to its allocation in the second phase. The largest holder, moonmanifest.eth, controls over 1 billion WLFI, creating a significant gap above the next holder. At the current contract price of USD 0.2843, the Token Generation Event (TGE) will unlock 20% of WLFI, translating to USD 264 million in new circulating tokens. Traders should watch for potential sell pressure from unlocked tokens, which may impact WLFI’s short‐term price, while monitoring how these lockup releases compare with previous token unlock events.
Bearish
The upcoming TGE unlock will release 20% of WLFI (approximately 928 million tokens) into circulation, valued at around USD 264 million. Such significant token unlocks often trigger sell‐side pressure as holders seek to realize gains, driving short‐term price declines. Although the top 10 holders represent a relatively modest 4.63% of total supply, the concentrated position of the largest holder could amplify market impact. Historically, substantial token unlocks (e.g., similar events in other DeFi projects) have led to price dips until buy‐side demand absorbs the new supply. In the long term, price stability will depend on WLFI’s adoption and utility, but near‐term sentiment is likely bearish due to increased circulating supply.