WLFI Transfers Significant Stake of Token Supply to Jump Crypto

WLFI has transferred a substantial portion of its token supply—485 million tokens, equivalent to 0.485% of the circulating supply—to two wallets associated with Jump Crypto. This move is believed to be part of a market-making strategy as WLFI seeks increased liquidity on both centralized and decentralized exchanges. The transfer’s significance lies in its impact on market liquidity. It represents 16.2% of the 3 billion WLFI tokens currently active in CEX and DEX liquidity pools, highlighting the significant influence of this single trading firm.