A research report by Amberdata indicates that the WLFI token, linked to the Trump family, may have served as an early warning signal for the crypto market crash on October 10th last year. The report highlights that WLFI began to decline sharply over five hours before a massive $6.93 billion liquidation event, during which Bitcoin fell by 15% and Ethereum by 20%. At the time, Bitcoin was trading around $121,000 without apparent pressure. Amberdata's analysis identified three unusual patterns in WLFI's behavior: a surge in trading activity, a significant divergence from Bitcoin's price action, and extreme leverage levels. The token's hourly trading volume spiked to $474 million, 21.7 times its normal level, following tariff-related political news. Additionally, WLFI's perpetual contract funding rates soared to 2.87% per eight hours, equating to an annualized borrowing cost of nearly 131%. While the report does not claim insider trading, it suggests that certain assets may hold outsized importance in the crypto market.
WLFI Token May Have Predicted October Crypto Market Crash, Report Suggests
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