WLFI crash suspicion: misread Justin Sun and a chain Rashomon

"In the crypto world, every price fluctuation is the result of a myriad of factors, and any single attribution can deviate from the truth." This was once an industry consensus, but this consensus has been broken in the recent volatility of the WLFI token.

The price of World Liberty Financial's WLFI token fluctuated significantly after its listing, and market opinion quickly pointed the finger at Justin Sun, the founder of TRON. But the latest on-chain data analysis and authoritative opinions show that this attribution is oversimplified.

Timestamp: The transfer occurred after the sharp drop

Alex

Svanevik, CEO of the on-chain analytics platform Nansen, used AI Research Agent to carefully check the WLFI transaction timestamp on September 6 and found that Justin Sun did not smash the market. This discovery overturned the original assumptions. The AI Research Agent initially reported that Justin Sun might be selling WLFI, but after in-depth analysis of the...

14.05K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.