WLFI whale buy 60.87M tokens as Binance supply dey shrink
One newly spotted WLFI whale commot withdraw 60.87M World Liberty Financial (WLFI) tokens from Binance inside two days, the tokens worth about $3.55M, average price $0.058. This WLFI accumulation—wey near current levels—show say e be confidence pass chasing momentum.
The move also reduce immediate exchange supply. WLFI exchange netflows still bearish at -$122.05K daily, e don extend weeks of negative flows, meaning tokens dey move go private wallets instead of near-term selling.
Technicals still dey constrained: WLFI still inside multi-month descending channel since February. But buyers defend the $0.0568 support zone and price stabilize near $0.0591. Key resistance dey at $0.0758, then the psychological $0.10.
Momentum small improve with RSI at 40.34. Derivatives dey cautious but constructive: OI-weighted funding remain positive at 0.0058%, meaning long holders dey pay premium and price expectations dey skew higher.
For traders, main thing to watch na whether WLFI fit hold $0.0568 while exchange outflows and whale accumulation continue—this one go support move toward $0.0758. Full trend reversal likely need WLFI to reclaim higher resistance levels.
Bullish
WLFI see big whale accumulation (60.87M tokens) wey shrink di immediate sellable exchange supply. Even though di overall exchange netflow trend still bearish, di direction (more tokens dey commot from exchanges) dey reduce near-term dumping pressure. Cautiously constructive derivatives (positive OI-weighted funding) and improving RSI dey support di idea say downside selling fit ease.
For short term, traders fit dey look make WLFI hold $0.0568 and slowly test $0.0758. For long run, conviction go improve only if dis supply reduction continue to reinforce and WLFI break above higher resistance; otherwise, di multi-month descending channel fit still cap rallies.