Nansen CEO Clarifies Misconceptions About WLFI Transactions

According to PANews, Nansen's CEO, Alex Svanevik, addressed concerns on the X platform regarding WLFI transactions. Initially, an AI Research Agent suggested that Justin Sun was involved in selling WLFI. However, upon further examination of the transaction timestamps, it was determined that Sun did not engage in a sell-off. Svanevik also noted that the related transfers occurred after a significant drop in WLFI's value, indicating they were not the primary cause of the price decline. Furthermore, based on the day's overall trading volume, these transactions likely did not have a substantial impact on the market price.