On 2 September, blockchain researcher Aixpta shared data showing that eight of the ten largest WLFI holders had partially or completely sold their positions in less than 24 hours since the token began trading.
WLFI Positions Sold - Source: Aixpta
Only the wallets at addresses 2 and 5 have not yet moved any funds.
According to data, the largest WLFI holder, moonmanifest.eth, has unlocked 200 million WLFIs with a total value of $59.5 million. Within five hours, he sold 10 million WLFIs for $2.1 million at a price of $0.21 each.
Reporter Ember CN wrote: "Five hours after the unlock, 10 million WLFIs were sold."
In the meantime, the so-called "whale" number six sold WLFI for $3.8 million via Whale Market. The tokens were distributed to 36 buyers. A number of other wallets in WLFI's top 10 transferred funds to centralised exchanges minutes after the token launch on 1 September.
WLFI holders may be phishing victims
Blockchain security researchers are warning WLFI holders of the risk of phishing attacks exploiting the new standard EIP-7702 on Ethereum.
Yu Xian of SlowMist issued a warning pointing out that attackers are taking advantage of the proxy function introduced by the newly introduced EIP-7702 to empty victims' wallets. The attack involved a WLFI holder who lost funds from some addresses after interacting with a malicious contract.
Xian warned that once the victim's private key is exposed, "attackers can pre-delegate an address to the malicious one, completely emptying the victim's wallet by collecting all assets, including the ETH used for gas."
He added: "The good news is that there is a chance of recovery if the victim manages to execute a transaction in advance of the malicious contract by paying gas to overwrite the proxy address with a secure one and transferring the tokens to the same block via flashbots."
WLFI: A Disappointing Trading Start
WLFI's initial trading session, characterised by high volatility, was likely hurt by early investors cashing in as soon as the opportunity arose, despite extreme swings.
In addition to the massive selling seen on WLFI's first day, some holders should pay attention to the phishing threat related to Ethereum's new standard EIP-7702.
In less than a day after its release, the token World Liberty Financial (WLFI) saw its major holders liquidate investments.
On 2 September, blockchain researcher Aixpta shared data showing that eight of the ten largest WLFI holders had partially or completely sold their positions in less than 24 hours since the token began trading.
Only the wallets at addresses 2 and 5 have not yet moved any funds.
According to data, the largest WLFI holder, moonmanifest.eth, has unlocked 200 million WLFIs with a total value of $59.5 million. Within five hours, he sold 10 million WLFIs for $2.1 million at a price of $0.21 each.
In the meantime, the so-called "whale" number six sold WLFI for $3.8 million via Whale Market. The tokens were distributed to 36 buyers. A number of other wallets in WLFI's top 10 transferred funds to centralised exchanges minutes after the token launch on 1 September.
WLFI holders may be phishing victims
Blockchain security researchers are warning WLFI holders of the risk of phishing attacks exploiting the new standard EIP-7702 on Ethereum.
Yu Xian of SlowMist issued a warning pointing out that attackers are taking advantage of the proxy function introduced by the newly introduced EIP-7702 to empty victims' wallets. The attack involved a WLFI holder who lost funds from some addresses after interacting with a malicious contract.
WLFI: A Disappointing Trading Start
WLFI's initial trading session, characterised by high volatility, was likely hurt by early investors cashing in as soon as the opportunity arose, despite extreme swings.
In addition to the massive selling seen on WLFI's first day, some holders should pay attention to the phishing threat related to Ethereum's new standard EIP-7702.
Read Next
WLFI Buyback and Burn: Price +50%?
WLFI launches a buyback and burn proposal: deflationary mechanism that could push the price up to +50%.
Startale launches ETA: entertainment on blockchain
Startale Group and Twin Planet transform Japanese entertainment with ETA, tokenized assets on blockchain.
Render (RNDR): 2025-2026 Forecast and Solana Migration
Forecasts 2025-2026 for Render (RNDR): migration on Solana, technical trends and market analysis.
RealT denounced: tokenised houses never purchased
RealT is accused of selling tokens on houses never purchased in Detroit, raising doubts about the entire RWA sector.