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Whale Accumulation Drives WLFI Price Surge Following $10M USDC Purchase

Whale Accumulation Drives WLFI Price Surge Following $10M USDC Purchase

Author:

Global Cryptocurrency

Published:

2026-02-09 12:38:01

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BTCCSquare news:

A newly created wallet's acquisition of 47.6 million WLFI tokens worth $10 million in USDC has sparked an 11% price rally, with the token currently trading NEAR $0.111. The strategic accumulation suggests long-term positioning rather than speculative trading, potentially reducing exchange liquidity and supporting price stability.

Lookonchain data reveals the whale purchased at an average price of $0.109 per token, retaining $4.83 million in dry powder for potential additional buys. Such measured accumulation patterns typically indicate institutional confidence rather than retail FOMO.

Mid-cap tokens like WLFI are attracting capital rotations as traders diversify beyond blue-chip cryptocurrencies. The MOVE coincides with uneven broader market conditions, where selective altcoins demonstrate resilience against macroeconomic headwinds.

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