WLFI whale buys 60.87M tokens as Binance supply shrinks
A newly identified WLFI whale withdrew 60.87M World Liberty Financial (WLFI) tokens from Binance over two days, worth about $3.55M, at an average price of $0.058. This WLFI accumulation—near current levels—suggests confidence rather than chasing momentum.
The move also reduced immediate exchange supply. WLFI exchange netflows remained bearish at -$122.05K daily, extending weeks of negative flows, which points to tokens moving to private wallets instead of near-term selling.
Technicals stay constrained: WLFI is still inside a multi-month descending channel since February. However, buyers defended the $0.0568 support zone and price stabilized near $0.0591. Key resistance sits at $0.0758, then the psychological $0.10.
Momentum improved modestly with RSI at 40.34. Derivatives are cautiously constructive: OI-weighted funding stayed positive at 0.0058%, meaning long holders pay a premium and price expectations skew higher.
For traders, the core watch is whether WLFI holds $0.0568 while exchange outflows and whale accumulation persist—this would support a move toward $0.0758. A full trend reversal likely needs WLFI to reclaim higher resistance levels.
Bullish
WLFI saw sizable whale accumulation (60.87M tokens) that shrank immediate sellable exchange supply. While the overall exchange netflow trend is still bearish, the direction (more tokens leaving exchanges) reduces near-term dumping pressure. Cautiously constructive derivatives (positive OI-weighted funding) and improving RSI support the idea that downside selling may ease.
In the short term, traders may look for WLFI to hold $0.0568 and gradually test $0.0758. In the long run, conviction improves only if this supply reduction keeps reinforcing and WLFI breaks above higher resistance; otherwise, the multi-month descending channel can still cap rallies.