Major WLFI Holder Distributes 79.54 Million Tokens Across Addresses
According to a report by Block Beats, on-chain analyst Yi Yi reviewed the activities of a major WLFI token holder who transferred approximately 79.54 million WLFI tokens to nine different addresses within the past 18 hours. The total value of these tokens is around $14.69 million. One of the recipient addresses, moonmanifestphilanthropy.eth, made a small sale a few days ago; however, no sales have been reported from any of the current recipient addresses so far. The largest holder, associated with the address moonmanifest.eth, owns about one percent of the total WLFI tokens. During the Token Generation Event (TGE), 200 million tokens were issued. This address is believed to be linked to Techno Revenant, a key participant in the XPL hedging event. WLFI is a cryptocurrency token establishing its presence across various blockchain networks. Activities in the market and movements by major holders are significant for investors as they can influence market fluctuations and potential price directions. The large-scale distribution of tokens may indicate that the holder is diversifying their position or attempting to improve liquidity. However, since the recipient addresses have not sold the tokens yet, it is likely that these funds are being held for long-term investment or other network activities. Investors are advised to monitor such large transactions closely as they may signal important changes in market trends. Source: binance
CoinMarketCap Addresses WLFI Token Supply Concerns
CoinMarketCap CEO Rush responded to user concerns regarding the supply data of the WLFI token. The information was provided based on a Blockbeats report and the latest figures supplied by the WLFI team on the same day. However, these numbers may change during the token distribution process prior to the initial listing. CoinMarketCap has sought clarification from the WLFI team and emphasized that all data comes directly from the project team and consists of their verified information. The platform will continue to keep users informed of the latest developments. WLFI is a new cryptocurrency token gaining popularity and interest in the market. It is common for supply and distribution details to fluctuate during the early stages of a token launch, especially as distribution among investors and users is still being finalized. Reputable platforms like CoinMarketCap aim to provide accurate and timely information to help investors make informed decisions. Potential changes may also occur because projects often update data during token launches to maintain market transparency. Users are advised to monitor such news and updates to avoid misunderstandings. It remains to be seen when and how the WLFI token listing will be completed and what impact it will have on the market. Source: binance
