WLFI growth director: There is a high probability that CEX will transfer users to WLFI for selling, although there is no evidence, it is being investigated
2025-09-07 03:33:16
On September 7th, Ryan Fang, head of growth at WLFI, said in an interview this Thursday evening, "We believe that there are some very large token holders who may have manipulated the price, essentially to lock in profits. We do believe that in a world where centralized exchanges hold a large amount of user funds, certain exchanges may attract user tokens and send user tokens to other exchanges for sale. Again, we are still exploring and discovering this. But the possibility of the above happening is certain. Now, imagine that a large exchange has a large amount of user assets and sends a large amount of user assets to other exchanges that may have better liquidity and a single token, while taking a very large short position. This is possible. In fact, last Thursday, some members of the community have been notifying us. They think that something I just mentioned could happen. That would be a huge systemic manipulation. We're going to look into it, and it's likely to have caused a lot of damage over the past few days. But again, there's no hard evidence of this information yet, but I believe something did happen over the past few days. "
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