An on-chain address recorded a transfer of approximately 10 million WLFI to Gate's deposit address, likely in preparation for market making; Gate plans to open WLFI spot trading at 19:00 (UTC), becoming the first exchange to list it.
Large volume Token transfers are often a precursor to market making or official listing, which can affect liquidation and price volatility during the initial trading period.
- About 10 million WLFI was transferred to Gate exchange's deposit address.
- Token transfers can be a preparation for market making activities.
- Gate opens WLFI spot trading at 19:00 (Vietnam time), the first exchange to list.
Token transfer details and meaning
on-chain detections show that approximately 10 million WLFI were transferred to Gate's deposit address before spot trading opened.
Large Token flows into deposit addresses are often XEM as a preparation step to provide liquidation upon listing, allowing market makers or the issuing team to control the opening price and reduce the discount immediately after the transaction is activated.
Impact on liquidation and price
Transferring Token in significant volumes can improve initial liquidation , but also create selling pressure if supply is released quickly upon order opening.
Investors should monitor initial order matching and Order Book to assess supply absorption; high liquidation does not mean stable prices if the entity holding large quantities decides to sell.
Recommendations for investors
Before entering a WLFI trade, consider Order Book liquidation , market depth and personal risk management strategy.
Setting stop losses, Chia orders, and observing post-listing volatility can reduce risk; avoid making decisions based on one-sided information about large Token transfers.
Is this information absolutely accurate?
Information based on on-chain observation of Token flow; accuracy depends on chain updates and subsequent developments, should be verified via source on exchange Order Book when opening trade.
What does the transfer of 10 million WLFI mean?
This is usually a preparatory step to provide liquidation or serve market making; it does not mean that the Token is sold immediately.
What to do if you want to buy WLFI as soon as it is listed?
Chia buy orders, set limit orders, monitor Order Book depth and prepare stop losses as volatility can spike during the first hour.
