WLFI’s $8.06M exchange transfer puts THIS in focus as outflows persist

World Liberty Financial moved 156.31 million WLFI tokens valued roughly $8.06 million to four major exchanges, raising questions about renewed selling pressure. As per Onchain Lens on X, the institution transferred the tokens into Binance, Gate, Coinbase, and MEXC, potentially preparing for sales. These deposits emerged as WLFI struggled to recover from its recent decline, with the bears maintaining control. Notably, the broader spot activity meanwhile presented a different outlook, with exchange withdrawals continuing despite the significant deposits. Spot outflows challenge the latest exchange deposits Particularly, WLFI registered over 10 consecutive days of spot net outflows, highlighting sustained withdrawals from centralized exchanges. According to CoinGlass, the latest reading highlighted $136.45K in net outflows as of press time, extending the prevailing trend.

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