Skip to main content
Grafa
Cryptocurrency
Longling Capital moves $3.8M WLFI to Binance
Image for illustrative purposes only. Not a real photo.

Longling Capital moves $3.8M WLFI to Binance

Share
  • A wallet linked to Longling Capital transferred 65 million WLFI worth about $3.79 million to Binance.
  • On-chain analytics platform EmberCN flagged the wallet as likely linked to Longling Capital.
  • The transfer could signal selling, but the wallet’s ownership and purpose remain unconfirmed.

An address linked to Longling Capital transferred 65 million WLFI tokens worth about $3.79 million to Binance.

EmberCN identified the wallet address, which starts with 0x2a2b, as likely connected to Longling Capital.

Large token deposits to exchanges can indicate plans to sell, although they do not always lead to sales.

The transfer comes as WLFI, the governance token of World Liberty Financial, continues to experience market volatility.

Longling Capital previously participated in WLFI’s token sale and acquired a large token position, according to the report.

The latest transfer could reflect portfolio changes or profit-taking, but it could also support collateral or market-making activity.

The report noted that on-chain wallet labels are not definitive, leaving the transfer’s purpose and potential market impact uncertain.

At the time of reporting, World Liberty Financial price was $0.05854.

Frequently asked questions