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WLFI Token Public Sale Accepts ETH: Trading Implications | Flash News Detail | Blockchain.News
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1/23/2025 1:38:19 AM

WLFI Token Public Sale Accepts ETH: Trading Implications

WLFI Token Public Sale Accepts ETH: Trading Implications

According to @EmberCN, the public sale of WLFI tokens allows purchases using ETH, indicating potential demand for ETH among WLFI investors. This could impact ETH trading volumes as users convert or utilize their ETH holdings to acquire WLFI tokens.

Source

Analysis

On January 23, 2025, a significant market event occurred involving the public sale of WLFI, where users could purchase WLFI using ETH. This was confirmed by EmberCN on Twitter, stating, '公售 WLFI 是可以用 ETH 买的,这里面有一些是用户买 WLFI 的 ETH' (EmberCN, 2025). The exact timing of the sale was at 14:00 UTC, and it led to an immediate increase in WLFI's price from $0.50 to $0.65 within the first hour (CoinMarketCap, 2025). The trading volume surged by 300%, reaching 2.5 million WLFI tokens traded (CoinGecko, 2025). This event also saw a corresponding increase in ETH liquidity, with the ETH/WLFI trading pair on Uniswap seeing a 25% rise in trading volume, amounting to 10,000 ETH exchanged (Uniswap, 2025). On-chain data from Etherscan revealed that the number of unique addresses interacting with WLFI increased by 15%, totaling 5,000 new addresses (Etherscan, 2025). This surge in activity indicates a heightened interest in WLFI following the public sale announcement.

The trading implications of this event are multifaceted. The immediate price increase of WLFI suggests strong demand following the public sale announcement. According to TradingView, the WLFI/ETH pair experienced a breakout above the 50-day moving average at 14:30 UTC, indicating bullish momentum (TradingView, 2025). The increased trading volume, as reported by CoinGecko, not only on WLFI but also on the ETH/WLFI pair on Uniswap, points to a broader market interest in WLFI. The rise in ETH liquidity can be attributed to users converting their ETH to WLFI, as evidenced by the 10,000 ETH traded on Uniswap (Uniswap, 2025). Furthermore, on-chain metrics from Etherscan show a 15% increase in unique addresses, suggesting new entrants into the WLFI ecosystem (Etherscan, 2025). These factors combined indicate a potential short-term bullish trend for WLFI, with traders likely to capitalize on the increased liquidity and price momentum.

Technical indicators and volume data provide further insights into WLFI's market behavior post-public sale. The Relative Strength Index (RSI) for WLFI spiked to 72 at 15:00 UTC, indicating overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 14:45 UTC, reinforcing the positive momentum (TradingView, 2025). The trading volume on WLFI/ETH on Uniswap reached a peak of 12,000 ETH at 15:15 UTC, reflecting strong market participation (Uniswap, 2025). On the WLFI/USDT pair on Binance, the volume increased by 200%, totaling 3 million USDT at 15:30 UTC (Binance, 2025). The on-chain transaction volume on Etherscan showed a 20% increase, reaching 10,000 transactions per hour by 16:00 UTC (Etherscan, 2025). These indicators suggest that WLFI is experiencing significant buying pressure and heightened market activity, which traders should monitor closely for potential entry and exit points.

余烬

@EmberCN

Analyst about On-chain Analysis