Key Takeaways
What Triggered WLFI’s Rebound Above $0.20?
Ah, dear investors, the plot thickens! A delightful $799K worth of buybacks for 3.814 million WLFI tokens and the burning of 3.109 million tokens to reduce supply did just the trick, restoring investor confidence faster than you can say “cryptocurrency rebound.”
What Signals Point to WLFI’s Next Move?
Behold the mystery: Spot Netflow hit -$5.37 million (that’s the “uh-oh” moment), while Futures inflows jumped a startling $17.79 million, hinting at the whales’ ever-growing appetite for WLFI and traders anticipating a push toward $0.24. Tension is building. Who will come out on top? 🎭
World Liberty Financial [WLFI] bravely held its ground at the $0.20 support, briefly tapping a local high of $0.215. As we speak, WLFI is sitting pretty at $0.208, marking a delightful 8% daily gain. How charming!
But what, you ask, could have inspired such a sharp price uptick? Let us investigate further…
WLFI Token Buyback and Burn Kick Off
According to AMBCrypto, the driving force behind WLFI’s recent surge is none other than World Liberty Financial’s launch of token buybacks and burns. A stroke of genius, or mere coincidence? You decide. 💡
After a tragic 41% drop in September (oh, the drama!), World Liberty Financial decided to take matters into their own hands. A resounding 99.8% of holders voted in favor of allocating 100% of treasury liquidity fees to token burns and buybacks. It was a democratic triumph! 👏
Thus, they announced the burning of 3.109 million WLFI from Ethereum [ETH] and BNB Smart Chain [BSC] protocol fees. Additionally, $799,000 was spent to repurchase 3.814 million WLFI tokens at an average price of $0.2093 per token. So much for “deflationary” strategies!
On the other hand, on-chain monitors like Onchain Lens observed a whopping $939,000 spent for 4.486 million WLFI across multiple chains. The plot, as they say, thickens. Could this be the recipe for success? One can only wonder! 🤔
Such deflationary moves, as history has shown, reduce the number of tokens available for sale and ease the pressure of selling. Could this spark a short-term momentum that will leave investors trembling in excitement? It certainly seems promising. 🔥
Spot and Futures Flows Shift
Meanwhile, in the thrilling world of Spot and Futures markets, investors couldn’t help but increase their exposure. According to CoinGlass, Spot 24-hour inflows reached a notable $76.42 million, while outflows were even higher at $81.79 million. A netflow of -$5.37 million. Hmm, is that a whisper of reduced selling pressure? 💬
On the Futures side, things were even more dramatic! Inflows surged to $467.5 million, while outflows stood at $449.7 million. Net inflow? A remarkable $17.79 million-up a staggering 126.9% on the day! Traders seem eager to allocate more capital to leveraged positions. A sign of growing optimism, perhaps? 💼
Such a harmonious alignment between Spot outflows and Futures inflows suggests cautious optimism. Buyers seem to be absorbing the supply, while the demand for derivatives continues to rise. Ah, the drama! The suspense! 🎢
Whale Activity Remains Supportive
In case you missed it, after WLFI took a little dip six days ago, the whales-those lovable giants of the crypto ocean-came rushing in to scoop up all the tokens they could find. Over this period, they’ve acquired a staggering 408.6 million WLFI tokens. 🐋
At the time of writing, whale incoming transfers stood at 4.31 million, compared to a mere 3.01 million in outflows. A net positive flow, it seems, as larger players continue to accumulate and bolster investor confidence after WLFI’s rather dramatic September decline.
$0.24 or Back to $0.18?
WLFI has valiantly defended its $0.20 support after World Liberty Financial began its token buybacks and burns. If investor demand continues and buybacks persist, there’s a strong chance that WLFI could make its way to $0.218 and possibly even $0.24. A thrilling prospect, indeed! 😏
However, if momentum fades and the team fails to maintain their pace, we might see the token drift back to $0.18. The suspense is palpable, dear reader. Will it be a triumphant rise, or a heartbreaking fall? Only time will tell! ⏳
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2025-09-27 14:23