WLFI: Subsidy Drives USD1 Supply Peak
WLFI's high APY subsidies push USD1 supply to $53.74B peak in February, now tapering to 6% rates amid market strategy shift.
SourceAnalysis
WLFI executes a classic subsidy play, front-loading 10%+ APY deposit rates to seize market share, spiking USD1 supply to a high of $53.74 billion in February before dialing back to 6% APY as demand settles in, per analyst @EmberCN. This mirrors aggressive crypto tactics seen in the last six months with projects like Bitcoin (BTC) yield farms, blending WLFI subsidy strategy with broader crypto deposit rates trends to lock in liquidity.
From a technical confluence standpoint, WLFI trades at $0.06 right on the EMA50 support, holding a bullish structure despite the EMA200 resistance looming at $0.08—that golden cross in MACD screams continuation, but with RSI at 64.58 neutral and price hugging the upper Bollinger band near $0.07, expect a quick dip to the lower support at $0.05 for volatility exhaustion before buyers pile back in on this macro uptrend.
余烬
@EmberCNAnalyst about On-chain Analysis