Assessing World Liberty Financial after 235mln WLFI exchange transfer
World Liberty Financial (WLFI) experienced significant volatility, dropping to $0.15 before rebounding to $0.18 and then declining again to trade at $0.1641, down 6.21% daily. The project deposited 235 million WLFI tokens, worth $40.63 million, into Binance—a move not seen since its launch. This transfer, potentially for market-making, an airdrop, or liquidity purposes, triggered bearish sentiment among investors. Spot Netflow turned positive, indicating increased selling pressure, while top holders’ outflows exceeded inflows. Key momentum indicators, including RSI and SMI, declined, suggesting weakened upside momentum and potential further losses toward $0.15 if selling continues. Reclaiming $0.17 remains a short-term bullish possibility.
ambcrypto01/26 22:02