World Liberty Financial (WLFI) trades near $0.058 after failing to hold above $0.06, with a whale accumulating 108.45 million tokens worth $6.18 million. Exchange netflows have been negative for 12 consecutive days, though concerns persist over the Trump family and co-founders moving 20 billion WLFI into vesting contracts to prepare for potential sales.
World Liberty Financial (WLFI) surged to a local high of $0.061 four days ago, but the uptick proved short-lived as it retraced heavily. WLFI retreated as most traders remained bearish, with the surge driven by speculation that faded quickly. Since then, WLFI bulls have attempted to retake the market, but $0.06 has proved difficult to breach.
At press time, WLFI was trading around $0.058. Trading volume fell 13% to $42 million, indicating a market slowdown.
With the market cooling down, some whales have taken the opportunity to retake positions. According to data, one whale has been continuously withdrawing large amounts of WLFI from Binance, pulling 90 million WLFI from the exchange and receiving another 18.7 million WLFI from other wallets.
In total, the whale has accumulated 108.45 million WLFI worth $6.18 million. With the whale continuing to dig in, it signals strong optimism, as they anticipate more gains on the charts.
Exchange activity echoes this whale accumulation, with Spot Netflow remaining negative for 12 consecutive days. Such a sustained period of strong accumulation has often preceded better, strong performances.
Although the whale is showing optimism, other market participants are heavily cautious. The cautious approach arises from the Trump family and co-founder’s decision to move WLFI in preparation to sell, with reports indicating they moved 20 billion WLFI into new vesting contracts.
The move is a major step that would allow them to cash out and get a payout. This has intensified concerns from some market players and watchdogs not only over conflicts of interest but also likely selling pressure, which could cause the altcoin to plummet in the event of a sale.
For now, although the upside momentum is weakening, the market still leans bullish. The Bulls Vs. Bears (BvB) indicator has remained positive and held at 5, as of writing.
At the same time, the Relative Strength Index (RSI) hovered above 50, suggesting that buyers are still active and the trend is likely to hold. If whale demand holds, WLFI will close above $0.058 to $0.06, but if the slowdown persists, RSI will drop below 50 and signal a trend reversal, with the likelihood of falling to $0.054.
