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WLFI Whale 0x8C4 Withdraws 10.25M from Bybit, Now Holding 73M at 0.23 Average Entry — On-Chain Alert for Traders | Flash News Detail | Blockchain.News
Latest Update
9/8/2025 2:14:00 AM

WLFI Whale 0x8C4 Withdraws 10.25M from Bybit, Now Holding 73M at 0.23 Average Entry — On-Chain Alert for Traders

WLFI Whale 0x8C4 Withdraws 10.25M from Bybit, Now Holding 73M at 0.23 Average Entry — On-Chain Alert for Traders

According to @OnchainDataNerd, wallet 0x8C4 withdrew another 10.25M WLFI, approximately 2.35M USD, from Bybit about three hours ago, source: https://twitter.com/OnchainDataNerd/status/1964874906174439611. According to @OnchainDataNerd and Arkham Intelligence, the address 0x8C43369166d42dA3cf289b7caA72C57E98496CAd now holds roughly 73M WLFI with an average entry near 0.23 USD, sources: https://twitter.com/OnchainDataNerd/status/1964874906174439611 and https://intel.arkm.com/explorer/address/0x8C43369166d42dA3cf289b7caA72C57E98496CAd. Per @OnchainDataNerd, this constitutes a net exchange outflow from Bybit and removes 10.25M WLFI from the exchange’s immediately tradable balance, while Arkham Intelligence shows the tokens in self-custody at the cited address, sources: https://twitter.com/OnchainDataNerd/status/1964874906174439611 and https://intel.arkm.com/explorer/address/0x8C43369166d42dA3cf289b7caA72C57E98496CAd.

Source

Analysis

In the fast-paced world of cryptocurrency trading, whale movements often signal significant market shifts, and the recent activity surrounding WLFI token is no exception. According to on-chain analyst The Data Nerd, a prominent whale with the address starting 0x8C4 made headlines just three hours ago by withdrawing an additional 10.25 million WLFI tokens, valued at approximately $2.35 million, from the Bybit exchange. This move has pushed the whale's total holdings to an impressive 73 million WLFI tokens, with an average entry price hovering around $0.23 per token. As of the timestamp on September 8, 2025, this accumulation underscores a growing confidence in WLFI's potential, especially amid broader crypto market volatility. Traders monitoring WLFI price action should note that this withdrawal implies a current market price near $0.229 per token, based on the valuation provided, highlighting a strategic buy at what could be perceived as undervalued levels.

Analyzing Whale Accumulation and WLFI Price Dynamics

Diving deeper into the trading implications, this whale's consistent accumulation of WLFI tokens points to a bullish sentiment that could influence short-term price movements. With the average entry at $0.23, any upward momentum in WLFI could yield substantial unrealized gains for this holder. On-chain metrics, as tracked by explorers like ARKM Intelligence, reveal that such large withdrawals from centralized exchanges often reduce selling pressure, potentially setting the stage for a price rebound. For crypto traders, key support levels for WLFI might be established around $0.20, based on historical trading data, while resistance could emerge near $0.25 if buying volume increases. Without real-time market data at this moment, it's crucial to correlate this event with overall market trends; for instance, if Bitcoin (BTC) maintains its position above $50,000, altcoins like WLFI could see correlated gains. Trading volumes on pairs such as WLFI/USDT should be watched closely, as spikes in on-chain transfers often precede volatility. This whale's actions, holding 73 million tokens, represent a significant portion of WLFI's circulating supply, making it a focal point for market watchers seeking entry points or exit strategies.

Trading Opportunities in WLFI Amid Market Sentiment

From a trading perspective, this accumulation event opens up various opportunities for both spot and futures traders. If WLFI experiences a surge in trading volume following this news, scalpers might target quick entries around the $0.23 level, aiming for a 5-10% upside to $0.25-$0.26. Long-term holders, or 'hodlers,' could view this as validation of WLFI's fundamentals, particularly if tied to broader narratives in decentralized finance (DeFi) or political-themed tokens. Institutional flows into similar assets have historically driven prices higher; for example, past whale activities in tokens like ETH have led to 20-30% rallies within days. Risk management is key here—traders should set stop-losses below $0.22 to mitigate downside risks from sudden market dumps. Moreover, on-chain metrics such as transaction counts and holder distribution can provide further insights; with this whale now controlling a sizable stack, any future deposits back to exchanges could signal profit-taking and potential price corrections. In the absence of immediate price data, sentiment analysis from social platforms indicates growing buzz around WLFI, which could amplify trading volumes across multiple pairs including WLFI/BTC and WLFI/ETH.

Connecting this to wider market implications, WLFI's price performance might also intersect with stock market trends, especially if viewed through the lens of crypto correlations. For instance, if major indices like the S&P 500 show strength in tech sectors, it could bolster investor appetite for AI-integrated or innovative tokens like WLFI. Broader crypto sentiment remains cautiously optimistic, with total market cap fluctuations influencing altcoin plays. Traders should monitor for any follow-up on-chain activities from this address, as continued accumulation could push WLFI towards key resistance levels. In summary, this whale's move exemplifies how large-scale holders can sway market dynamics, offering actionable insights for traders eyeing WLFI's next leg up. Always remember to verify on-chain data through reliable explorers and adjust strategies based on real-time developments to capitalize on these opportunities.

To wrap up the analysis, while the core narrative revolves around this substantial WLFI withdrawal and holding, it's essential for traders to integrate this with personal risk assessments. Potential trading setups include longing WLFI on breakouts above $0.24 with targets at $0.28, backed by increasing volume indicators. For those exploring cross-market plays, correlations with stocks in fintech or blockchain-related firms could provide hedging opportunities. As the crypto landscape evolves, events like this highlight the importance of on-chain vigilance in identifying profitable trades.

The Data Nerd

@OnchainDataNerd

The Data Nerd (On a mission to make onchain data digestible)