WLFI Selloff Continues as $1.4M Transfer Weighs on Market Confidence

World Liberty Financial's (WLFI) token has faced selling pressure in recent days, and the situation has taken a turn for the worse. A transfer of 25.729 million WLFI tokens worth approximately $1.4 million to Gate has sparked concerns over persistent distribution.

The transfer occurred after WLFI briefly surged more than 30% in a single day before quickly reversing into another decline, reinforcing the view that large transfers continued weighing on market confidence instead of supporting recovery.

Despite trading close to an established support zone at $0.0516, the price held above the lower boundary, suggesting buyers still defended key levels, although conviction remained limited.

Futures positioning also favored downside expectations as Binance top traders maintained a bearish bias, with short accounts representing 55.36% of positions and long accounts accounting for only 44.64%, producing a Long/Short Ratio of 0.81.