Decoding WLFI’s meltdown – Can a $7mln buyback undo a $190mln dump?
The post Decoding WLFI’s meltdown – Can a $7mln buyback undo a $190mln dump? appeared on BitcoinEthereumNews.com.
Key Takeaways What triggered WLFI’s 25% fall? A $190 million sell-off and sharp Open Interest decline to $300 million fueled cascading long liquidations. What’s WLFI’s next technical setup? Liquidation clusters around $0.13 mark as key resistance; recovery depends on renewed spot demand and short-covering momentum. The market decline in the past day didn’t spare World Liberty Finance [WLFI]. WLFI dropped by 25%, leaving most investors underwater and prompting one major holder to cash out $190 million. Although a rebound attempt was underway at the time of writing, traders were yet to respond. AMBCrypto details what to expect from World Liberty Finance. WLFI’s dual market sell-off WLFI’s fall wasn’t taken lightly across the market. In fact, the last 24 hours saw alignment between Spot and Derivative investors, both contributing to the downturn. Over the past 24 hours, Open Interest declined sharply to about $300 million, with around $150 million exiting centralized perpetual exchanges. Such large outflows often set short-term direction. Source: CoinGlass At the same time, long liquidations of $47 million far outweighed the $7.8 million in short liquidations, confirming that bears were taking control of the market. Spot traders joined the retreat as roughly $6 million worth of WLFI was offloaded to limit exposure. Attempted market recovery Attempts were made in the past day to save from further decline, as the team behind the token launched a buyback. Following the drop, Lookonchain tracked that $7.15 million was used to purchase an additional 55.69 million WLFI. Shortly after the purchase, the company recorded a $2.85 million loss on its books as the price continued to slide on the chart. Source: Lookonchain This move from the team did not alter the community’s stance toward the altcoin. In fact, beta followers voted against purchasing WLFI. According to the latest community sentiment data on…
Filed under: News - @ October 12, 2025 8:11 am