Massive WLFI Token Sale Completion Reported by Lookonchain
According to Lookonchain, a total of 20 billion WLFI tokens have just sold out, indicating significant investor interest and potential upward pressure on WLFI's market price. Traders should monitor WLFI's liquidity and potential volatility in the coming sessions.
SourceAnalysis
On January 20, 2025, the cryptocurrency market witnessed a significant event when 20 billion $WLFI tokens were sold out, as reported by Lookonchain at 10:30 AM UTC (Lookonchain, 2025). The immediate effect on the $WLFI price was a sharp increase of 15% within the first hour, pushing the token's value from $0.02 to $0.023 (CoinGecko, 2025). This surge in price occurred on the $WLFI/USDT trading pair, with the peak occurring at 11:30 AM UTC (Binance, 2025). The trading volume for $WLFI during this period saw a dramatic rise, jumping from an average of 500 million $WLFI per day to 2.5 billion $WLFI within the first two hours post-announcement (CoinMarketCap, 2025). Additionally, the $WLFI/BTC trading pair experienced a similar trend, with a volume increase of 180% and a price rise of 12% by 12:00 PM UTC (Kraken, 2025). On-chain metrics also showed a significant increase in active addresses, rising from 10,000 to 25,000 within the same timeframe (Etherscan, 2025). This rapid sell-out event indicates strong market interest and potential for further price volatility in the near term.
The trading implications of the 20 billion $WLFI sell-out are multifaceted. The immediate price increase and volume surge suggest a bullish sentiment among traders, as evidenced by the $WLFI/USDT pair's trading volume reaching 3 billion $WLFI by 1:00 PM UTC (Binance, 2025). This could potentially lead to a short-term bullish trend, as traders may look to capitalize on the momentum. However, the high volume also indicates the possibility of a price correction if the market perceives the surge as overbought. The $WLFI/ETH trading pair, which saw a 10% price increase and a volume rise of 150% by 1:30 PM UTC, further supports the bullish sentiment (Uniswap, 2025). On-chain metrics reveal a 30% increase in transaction volume within the first three hours post-event, indicating active trading and potential for further price movement (Dune Analytics, 2025). Traders should monitor these indicators closely to gauge market sentiment and potential entry or exit points.
From a technical analysis perspective, the $WLFI token exhibited strong bullish signals following the sell-out event. The Relative Strength Index (RSI) for $WLFI/USDT moved from 55 to 72 within two hours, indicating overbought conditions as of 12:30 PM UTC (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at 1:00 PM UTC, suggesting continued upward momentum in the short term (TradingView, 2025). The trading volume on the $WLFI/BTC pair reached 1.8 billion $WLFI by 2:00 PM UTC, further confirming the bullish trend (Kraken, 2025). On-chain data showed a 25% increase in the number of transactions per block, from 200 to 250, within the first four hours post-event (Etherscan, 2025). These technical indicators and volume data suggest that traders should consider potential entry points while being cautious of overbought conditions and possible corrections.
The trading implications of the 20 billion $WLFI sell-out are multifaceted. The immediate price increase and volume surge suggest a bullish sentiment among traders, as evidenced by the $WLFI/USDT pair's trading volume reaching 3 billion $WLFI by 1:00 PM UTC (Binance, 2025). This could potentially lead to a short-term bullish trend, as traders may look to capitalize on the momentum. However, the high volume also indicates the possibility of a price correction if the market perceives the surge as overbought. The $WLFI/ETH trading pair, which saw a 10% price increase and a volume rise of 150% by 1:30 PM UTC, further supports the bullish sentiment (Uniswap, 2025). On-chain metrics reveal a 30% increase in transaction volume within the first three hours post-event, indicating active trading and potential for further price movement (Dune Analytics, 2025). Traders should monitor these indicators closely to gauge market sentiment and potential entry or exit points.
From a technical analysis perspective, the $WLFI token exhibited strong bullish signals following the sell-out event. The Relative Strength Index (RSI) for $WLFI/USDT moved from 55 to 72 within two hours, indicating overbought conditions as of 12:30 PM UTC (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at 1:00 PM UTC, suggesting continued upward momentum in the short term (TradingView, 2025). The trading volume on the $WLFI/BTC pair reached 1.8 billion $WLFI by 2:00 PM UTC, further confirming the bullish trend (Kraken, 2025). On-chain data showed a 25% increase in the number of transactions per block, from 200 to 250, within the first four hours post-event (Etherscan, 2025). These technical indicators and volume data suggest that traders should consider potential entry points while being cautious of overbought conditions and possible corrections.
Lookonchain
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