Garrett Jin deposits $WLFI tokens to Binance, signaling potential sale after 41% loss on Trump-backed token position.
Macro & Markets ·
Garrett Jin has deposited 17 million WLFI tokens to Binance, signaling a likely sale of his position in the token. The deposit, valued at approximately $1.01 million, occurred within the last hour.
Jin received 313.31 million WLFI tokens five months ago when the position was worth roughly $31.66 million. At current prices, the holding has declined by approximately $13 million, representing a roughly 41 percent loss on the initial allocation.
The deposit to the exchange marks a potential liquidity event for a major holder but does not confirm a sale has occurred. The timing and ultimate execution price remain uncertain.