Recently, a significant number of WLFI sellers on the OTC market are preparing to offload their assets, raising concerns about price stability.
Demand-Supply Issues for WLFI
Taran Sabharwal, CEO of STIX, announced on social media that over a dozen WLFI OTC sellers are ready to offload their holdings. This highlights a critical supply-demand gap as sellers struggle to find buyers.
WLFI Volatility and Declining Trading Volume
According to CoinMarketCap data, WLFI is trading at $791.42, with a market cap of $791,420.25. The asset showed a 1.24% price increase in the past 24 hours, but trading volume dropped 66.35% to $150,931.89. Notably, WLFI experienced a 95.58% rise over the last week, reflecting its turbulent market history.
WLFI Prospects Amid Buyer Shortage
Coincu research suggests that if the buyer shortage persists, WLFI may face further downward pressure on prices. Historical trends indicate that illiquid asset markets often recover once buyer confidence returns, but regulatory or technological changes could significantly alter this trajectory.
The WLFI market is facing a significant number of sellers, indicating challenges in supply and demand. The future of the asset will depend on increased buyer interest.
