New Address Accumulates $10M in WLFI Amid Extreme Market Fear

VADODARA, February 9, 2026 — A new blockchain address executed a $10 million purchase of WLFI tokens using USDC, according to on-chain analytics firm Lookonchain. This daily crypto analysis reveals the address now holds 47.6 million WLFI tokens at an average price of $0.109, with 4.83 million USDC remaining for potential further buys. Market structure suggests this accumulation occurred against a backdrop of extreme market fear, mirroring strategic accumulation patterns from previous cycles.

Investigation: The On-Chain Accumulation Event

Lookonchain data confirms the transaction details. The address acquired WLFI tokens worth 10 million USDC in a single observable move. Its total holdings now stand at 47.6 million WLFI, with an average entry price of $0.109. The remaining 4.83 million USDC balance indicates capacity for additional purchases, creating a pending buy-side liquidity pool. According to Etherscan, the address shows no prior history with WLFI, classifying it as a new entity. This pattern resembles early 2021 accumulation phases where large wallets built positions during corrections.

Market Context & Historical Precedent

Historically, aggressive accumulation during fear periods often precedes volatility expansions. Similar to the 2021 correction, where whales accumulated Bitcoin below $30,000, this move suggests a contrarian bet. The current Global Crypto Fear & Greed Index sits at 14/100, indicating extreme fear. In contrast, retail sentiment remains negative, creating a classic divergence. Underlying this trend, institutional players often use such environments for strategic positioning. Consequently, this WLFI accumulation may signal a belief in token undervaluation.

Related Developments: This activity occurs alongside other market events. For instance, South Korean regulators are targeting price manipulation, and Wintermute's CEO has dismissed exchange insolvency FUD, both amid the same extreme fear conditions.

Technical Architecture & Price Action

Market structure suggests WLFI's price action now hinges on key technical levels. The average purchase price of $0.109 establishes a psychological support zone. A Fibonacci retracement analysis from recent highs indicates a critical 0.618 level at $0.105, aligning with the accumulation zone. The Volume Profile shows increased activity around $0.109-$0.115, forming a Fair Value Gap (FVG). If price revisits this FVG, it could trigger a liquidity grab. The RSI on daily charts reads 38, suggesting neutral momentum with bearish bias. Moving averages (50-day and 200-day) show a death cross pattern, typical in fear-driven markets.

By The Numbers

Why It Matters

This accumulation impacts tokenomics and market psychology. A single entity controlling a significant WLFI supply can influence price discovery. On-chain data indicates this reduces circulating supply, potentially creating a gamma squeeze scenario if demand surges. , the move contrasts with retail capitulation, highlighting a smart money versus dumb money divergence. Institutional liquidity cycles often begin with such stealth accumulation. Market analysts note similar patterns in Ethereum's post-merge issuance phase, where large buyers entered during fear.

Expert Commentary

"Aggressive accumulation during extreme fear typically signals a long-term value play. The remaining USDC balance suggests this buyer isn't finished, which could establish a strong support zone. Historically, these moves precede volatility expansions of 40-60% within three months," stated the CoinMarketBuzz Intelligence Desk.

Market Outlook & Price Scenarios

Two data-backed technical scenarios emerge from current market structure. First, a bullish scenario where WLFI holds above $0.105 and fills the FVG toward $0.115. Second, a bearish scenario where failure to hold support leads to a test of $0.095. The 12-month institutional outlook hinges on broader crypto adoption trends, including regulatory clarity from entities like the SEC. The 5-year horizon may see WLFI integrated into DeFi protocols, similar to Ethereum's growth trajectory post-EIP-4844.

• Bullish Invalidation Level: $0.115. A break above this resistance confirms trend reversal and targets $0.130.
• Bearish Invalidation Level: $0.105. A break below this Fibonacci support invalidates the accumulation thesis and targets $0.095.