World Liberty Financial moves $2.19M in tokens to exchange, sparking selling concerns despite price rise

World Liberty Financial transferred 39 million WLFI tokens worth about $2.19 million to a Bybit-linked wallet, raising concerns of potential selling from its treasury. Despite this, WLFI's price rose 1.65% to around $0.0566, suggesting buyers absorbed initial selling pressure. However, net inflows to exchanges increased, indicating more tokens are available for sale, which could pressure prices if selling continues. Meanwhile, derivatives traders remain mildly bullish, maintaining long positions with a modest funding rate, but further treasury transfers could test market confidence.