Justin Sun’s WLFI Move to HTX Sparks Sell-Off Fears: What’s Next?

Another day, another whale movement shaking crypto markets—Justin Sun transfers WLFI holdings to HTX exchange, triggering instant speculation about an impending sell-off.

The Setup

Sun's wallet activity shows clear preparation for potential liquidation. Moving tokens to an exchange rarely signals long-term holding—it’s the crypto equivalent of loading a gun.

Market Impact

WLFI token holders brace for volatility. Past Sun-related dumps have sliced 20-30% off asset prices in hours. Traders now watch order books like hawks, anticipating the first red candle.

Timing & Strategy

No coincidence this follows recent market pumps. Classic playbook: ride the retail wave up, exit before the tide turns. Because in crypto, 'number go up' only works until the whales cash out.

Just another reminder—in decentralized finance, some players remain decidedly centralized.

Justin Sun and whales closely monitored as WLFI stabilizes 

WLFI stabilized around $0.23 after the initial trading shock and whale selling. Big holders are retaining some of the unlocked tokens, and the remaining balance has been locked with a long-term schedule. 

World Liberty Fi just announced the burn of 47M tokens aimed at boosting the market price. Whales are still closely watched, as the token still accrues listings and is in a process of price discovery.

Unlike Official Trump, WLFI tokens may be deliberately curated to avoid an unraveling price. Despite the WLFI publicity, TRUMP remains stagnant just under $9, a reminder of the unsustainability perception around the celebrity meme token trend. 

WLFI still shows limited activity

WLFI accrued $9.3M on its most active decentralized pair, despite its fully diluted value above $22.9B. 

Even the top whales have taken relatively small profits. The biggest seller locked in $491K after the initial pump. Compared to previous meme token launches, WLFI activity was subdued. 

WLFI buyers acquired the tokens as a FORM of support for TRUMP, and not all were crypto savvy or with trading experience.

Another 100 wallets were exposed to malicious smart contracts, potentially losing their WLFI. 

The token’s DEX activity also slowed down in the days after the initial launch. Following the initial rush to trade WLFI, ethereum gas returned to normal prices under 1 gWei. World Liberty Fi announced the launch as a success, showing there were no team sales. Early buyers during discounted presales were also prioritized.

Uniswap was the main venue for WLFI trading, as the token now awaits listings and centralized activity. After the initial rush to sell or re-buy lower, WLFI is settling with most of its volumes on Bybit and OKX. DEX volumes reached $128M in the initial days, later sliding under $500K on the most active DEX pairs. 

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