Whale dey move 133.33M WLFI ($32.2M) go Binance, 20% Presale
Onchain Lens data show say one big whale don deposit 133.33 million WLFI tokens for Binance, wey worth about $32.21 million. The transfer go central exchange custody address. Chain record show the same wallet buy 666.66 million WLFI for the project presale on January 19, 2025, spend 10 million USDT. The 133.33 million WLFI deposit na about 20% of the original allocation. This big WLFI whale deposit fit mean say sell-pressure go soon happen for Binance, e fit also affect WLFI liquidity and market depth. Traders suppose dey monitor any other big transfer or price movement after the presale token unlock to plan their trading moves.
Bearish
Di big big deposit of 133.33 million WLFI tokens enter Binance by one correct whale normally mean say e fit cause sell-pressure, becos big holders dem dey usually transfer their assets go exchange before dem go sell finish their positions. Dis one represent 20% of di whale presale allocation, e fit make WLFI supply for Binance order books increase, make price them drop for short term. For history, similar big big whale transfer (like presale token unlock for other altcoins) don cause small drop when traders dey expect say dem go take profit. For long run, price effect depend if di whale go sell the tokens sharp sharp or e go use exchange do other things. Traders suppose prepare for more market wahala (volatility) and dey watch order book change after dis transfer.