WLFI Whale on Binance: Deposited 133M, Withdraws 25.99M
On January 19, a whale that participated in WLFI’s presale (buying 666.66M tokens for 10M USDT) deposited 133.33M WLFI (worth ~$32.2M) into a Binance custody address—about 20% of its allocation. This move signalled possible forthcoming sell pressure. Then on November 25, the same WLFI whale withdrew 25.99M WLFI (~$4.18M) from Binance to an off-exchange wallet. The withdrawal increased its holdings to about 73.16M WLFI (~$11.7M). The large withdrawal suggests a shift toward long-term holding and potential reduction in short-term sell pressure. Traders should track WLFI liquidity, large on-chain transfers and price action around token unlock schedules. These metrics can help gauge market depth and anticipate further accumulation or distribution.
Bearish
The whale’s deposit of 133.33M WLFI tokens into Binance represented significant potential distribution, signaling bearish sell pressure. Although the subsequent withdrawal of 25.99M WLFI indicates some tokens are being moved off-exchange for long-term holding, the majority remains on Binance. This large exchange inflow combined with limited outflow suggests ongoing short-term downside risk for WLFI. Traders should monitor exchange balances and on-chain flows to assess market depth and sell-side dynamics.