Daily News 19

Tag: Arkham Intelligence

  • World Liberty Financial: Can $6M Whale Buying Push WLFI Back to $0.06?

    World Liberty Financial: Can $6M Whale Buying Push WLFI Back to $0.06?

    World Liberty Financial ($WLFI) Price Analysis: Whale Accumulation Counters Founder Sell Concerns

    World Liberty Financial ($WLFI) reached a local high of $0.061 four days ago before retracing sharply. At press time, the token trades around $0.058 with trading volume down 13% to $42 million, signaling a market slowdown.

    Whale Accumulates $6.18 Million in $WLFI

    Despite cooling momentum, on-chain data reveals significant whale accumulation. According to Arkham Intelligence data highlighted by Nazoku, a single whale withdrew 90 million $WLFI from Binance and received an additional 18.7 million $WLFI from other wallets, totaling 108.45 million $WLFI worth approximately $6.18 million.

    This sustained buying pressure suggests strong optimism from major holders anticipating further gains.

    Exchange Netflows Confirm Accumulation Trend

    CoinGlass data shows Spot Netflow has remained negative for 12 consecutive days, indicating consistent withdrawal of tokens from exchanges into private wallets. Historically, extended periods of negative netflow have often preceded stronger price performances.

    Founder Token Movements Raise Selling Pressure Concerns

    Market caution persists due to reported actions by the Trump family and co-founders. The Washington Sun reported that Trump and other founders moved 20 billion $WLFI into new vesting contracts, a structural step that would enable future cash-outs and payouts.

    This development has intensified concerns among market participants and watchdogs regarding potential conflicts of interest and significant selling pressure if major holders decide to liquidate positions.

    Technical Indicators: Bullish Structure With Reversal Risks

    Current technical analysis presents a mixed but cautiously optimistic picture:

    • Bulls vs. Bears (BvB) indicator: Positive at 5, indicating buyer dominance
    • Relative Strength Index (RSI): Hovering above 50, suggesting active buyers and trend continuity

    Key price levels to watch:

    • Bullish scenario: If whale demand holds, $WLFI could close above $0.058–$0.06
    • Bearish scenario: Persistent slowdown could push RSI below 50, signaling trend reversal with potential decline to $0.054

    Summary

    • A World Liberty Financial whale purchased 108 million $WLFI worth $6.18 million across recent transactions.
    • Market structure remains bullishly cautious amid allegations that Trump family and founders are preparing to sell holdings via new vesting contracts.
  • Bitwise Acquires $107 Million in Solana Over 20 Days

    Bitwise Acquires $107 Million in Solana Over 20 Days

    Bitwise Accumulates $107.4 Million in SOL as Solana ETF Inflows Persist

    Leading asset management firm Bitwise has significantly increased its Solana position, acquiring $107.4 million worth of SOL tokens despite sluggish momentum in the broader Solana ETF market. The substantial purchase, identified through on-chain analytics platform Arkham Intelligence, coincides with a month of consistent capital inflows into the firm’s Solana investment product.

    Institutional Investors Leverage Price Weakness

    Amid ongoing volatility across the cryptocurrency market, institutional investors appear to be treating the recent decline in Solana’s price as a strategic entry point. The data reveals that Bitwise executed the large-scale accumulation after its Solana ETF recorded steady, modest inflows across 20 consecutive trading sessions. During this period, only two sessions registered outflows, indicating sustained positive demand for the fund on the vast majority of trading days.

    Holdings Approach $1 Billion Milestone

    This latest acquisition has propelled Bitwise’s total Solana holdings toward a historic threshold. As of Thursday, September 10, the firm holds over 9,030,000 SOL. Based on a current market price of approximately $101 per token, the portfolio is valued at roughly $918 million. At the current accumulation rate, Bitwise is on track to surpass $1 billion in Solana assets under management in the near term, underscoring growing institutional conviction in the Solana ecosystem.