WLFI-related addresses bought $10 million in the early morning, but encountered a sharp drop, and their holdings still lost more than 30%

Huoxun Finance reported on October 11th that according to on-chain analyst Yu Jin, an address associated with WLFI (World Liberty Financial) purchased 55.687 million WLFI for 10 million USD1 between 3 and 4 a.m., at an average price of approximately $0.18. About an hour later, the market plummeted, with WLFI dropping to $0.07 before recovering to approximately $0.12, still down over 30% from the average purchase price.