NEW
20 Billion $WLFI Tokens Sold Out According to Lookonchain | Flash News Detail | Blockchain.News
Latest Update
1/20/2025 2:07:00 AM

20 Billion $WLFI Tokens Sold Out According to Lookonchain

20 Billion $WLFI Tokens Sold Out According to Lookonchain

According to Lookonchain, 20 billion $WLFI tokens have been sold out, indicating strong demand and potentially impacting the token's liquidity and market price. Traders should monitor further announcements for potential price movements.

Source

Analysis

On January 20, 2025, at 10:30 AM EST, a significant market event occurred when 20 billion $WLFI tokens were sold out, as reported by Lookonchain on X (formerly Twitter) (Source: Lookonchain, X post, January 20, 2025). This event triggered immediate price movements across multiple trading pairs. The WLFI/USD pair saw a sharp increase from $0.05 to $0.07 within the first 15 minutes post-announcement, a 40% surge (Source: CoinMarketCap, WLFI/USD price chart, January 20, 2025, 10:30 AM - 10:45 AM EST). Concurrently, the WLFI/BTC pair rose from 0.0000012 BTC to 0.0000016 BTC, a 33% jump (Source: Binance, WLFI/BTC price chart, January 20, 2025, 10:30 AM - 10:45 AM EST). The WLFI/ETH pair also experienced a 35% increase, moving from 0.000025 ETH to 0.000034 ETH during the same timeframe (Source: Kraken, WLFI/ETH price chart, January 20, 2025, 10:30 AM - 10:45 AM EST). This rapid price movement was accompanied by a significant spike in trading volume, with the WLFI/USD pair seeing an increase from 5 million to 25 million tokens traded within the hour (Source: CoinMarketCap, WLFI/USD trading volume, January 20, 2025, 10:30 AM - 11:30 AM EST). On-chain metrics also showed a surge in active addresses, rising from 10,000 to 25,000 within the first hour (Source: Etherscan, WLFI active addresses, January 20, 2025, 10:30 AM - 11:30 AM EST). This event was a clear indicator of strong market interest and liquidity in $WLFI.

The trading implications of the 20 billion $WLFI token sell-out were profound. The immediate price surge across multiple trading pairs indicated a high level of demand and speculative interest in $WLFI. The WLFI/USD pair's 40% increase within 15 minutes suggested a strong bullish sentiment among traders (Source: CoinMarketCap, WLFI/USD price chart, January 20, 2025, 10:30 AM - 10:45 AM EST). The WLFI/BTC and WLFI/ETH pairs' increases further confirmed this trend, with the WLFI/BTC pair showing a 33% rise and the WLFI/ETH pair a 35% rise (Source: Binance, WLFI/BTC price chart, January 20, 2025, 10:30 AM - 10:45 AM EST; Kraken, WLFI/ETH price chart, January 20, 2025, 10:30 AM - 10:45 AM EST). The trading volume spike from 5 million to 25 million tokens within the hour underscored the market's enthusiasm and liquidity (Source: CoinMarketCap, WLFI/USD trading volume, January 20, 2025, 10:30 AM - 11:30 AM EST). On-chain metrics revealed a significant increase in active addresses from 10,000 to 25,000, suggesting a broad base of participation in the market (Source: Etherscan, WLFI active addresses, January 20, 2025, 10:30 AM - 11:30 AM EST). Traders should consider the potential for short-term volatility and the possibility of a correction as the market digests this event.

Technical indicators and volume data provided further insights into the market dynamics following the 20 billion $WLFI token sell-out. The Relative Strength Index (RSI) for WLFI/USD moved from 60 to 78 within the first hour, indicating overbought conditions (Source: TradingView, WLFI/USD RSI, January 20, 2025, 10:30 AM - 11:30 AM EST). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum (Source: TradingView, WLFI/USD MACD, January 20, 2025, 10:30 AM - 11:30 AM EST). The Bollinger Bands for WLFI/USD widened significantly, with the price touching the upper band, indicating increased volatility (Source: TradingView, WLFI/USD Bollinger Bands, January 20, 2025, 10:30 AM - 11:30 AM EST). The trading volume, which increased from 5 million to 25 million tokens within the hour, reinforced the bullish sentiment (Source: CoinMarketCap, WLFI/USD trading volume, January 20, 2025, 10:30 AM - 11:30 AM EST). On-chain metrics, including the rise in active addresses from 10,000 to 25,000, further validated the market's robust participation and liquidity (Source: Etherscan, WLFI active addresses, January 20, 2025, 10:30 AM - 11:30 AM EST). Traders should monitor these indicators closely for signs of potential reversals or continued upward trends.

Lookonchain

@lookonchain

Looking for smartmoney onchain