Developers of This Altcoin Allegedly Dumped a Large Amount of Tokens on Binance

Onchain data in the cryptocurrency market has once again revealed some interesting altcoin transfers.

According to the data, World Liberty Financial (WLFI), a cryptocurrency project linked to Donald Trump and his family, transferred 235 WLFI tokens worth $24.13 million from its developer wallets to Binance.

While it’s impossible to know for certain whether this transfer was intended as a sale, the fact that the WLFI token has lost 40% of its value in the last month is a noteworthy detail.

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However, while developers were transferring their tokens to Binance, another crypto whale made a purchase. A newly created wallet bought 21.11 million WLFI tokens in a single transaction for $2.75 million.

World Liberty Financial, with a total market capitalization of $2.68 billion, is among the relatively large-scale cryptocurrency projects. The TRUMP and MELANIA memecoins, also linked to the Trump family, are known as smaller-scale projects with market capitalizations of $793 million and $117 million respectively. Both memecoins have lost almost all of their value in the past year.

*This is not investment advice.

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