WLFI Surges 18% as Binance-Driven Volume Swells

WLFI's price surge has caught attention in the past 24 hours, with traders backing it up as trading volume scaled significantly. According to CoinGlass, the volume across the Spot and perpetual markets crossed $196.23 million, implying a strong sentiment and likely continuation of the bullish outlook.

The most significant impact on WLFI's price has been linked to the flow coming in from Binance, which controls roughly 15.74% of the share of volume, according to CoinMarketCap data. The surge in long-side bets is also evident, with more than 50% of trades taking a long position.

The Open Interest-Weighted Funding Rate has been on the rise, indicating that traders have placed more capital on the long side of the market. The OI Funding Rate reached 0.0085%, and the Open Interest peaked at $245.10 million, contributing to the bullish outlook.