Developers of This Altcoin Bought Back a Large Amount of Tokens from the Market and Burned Them Immediately

There have been notable developments in the cryptocurrency market.

World Liberty Financial (WLFI) announced that it has bought back 6.04 million tokens ($1.06 million) and subsequently burned 7.89 million tokens ($1.43 million).

The company collected a total of 4.91 million WLFI ($1.01 million) and $1.06 million in transaction fees across the Solana, BSC, and Ethereum networks. $1.06 million of these funds were used to buy back 6.04 million WLFI. A subsequent burn of 7.89 million WLFI was carried out on BSC and Ethereum. On Solana, 3.06 million WLFI ($638,000) remained unburned.

However, a mysterious whale was observed creating a new wallet at address 0xd80D and preparing 71.5 million USDC for XPL purchases. The whale has so far deposited 30 million USDC into the Hyperliquid exchange, purchasing 12.91 million XPL ($17.4 million), and the purchases are reportedly ongoing.

In another noteworthy transaction, a wallet with the address 0xFB3B withdrew 5 million ASTER ($9.9 million) and 6.34 million ASTER ($12.95 million) from Gate.io, respectively. These two whales currently hold a total of 129.59 million ASTER ($259 million), equivalent to 7.82% of the circulating supply.

*This is not investment advice.

Source