Nansen CEO Addresses Concerns About WLFI Transactions

Following AI-based analysis suggesting Justin Sun’s involvement in selling WLFI tokens, Nansen CEO Alex Svanevik clarified the situation on the X platform (formerly Twitter). Examination of transaction timestamps revealed that Sun did not engage in a sell-off. Svanevik further noted that these transfers occurred after a significant drop in WLFI’s value, suggesting they were not the primary cause of the price decline. Finally, based on overall market trading volume on the day, it appears these transactions had little to no impact on the market price.