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0xSun shares WLFI short selling logic: opening short positions twice at high levels and closing them at low levels
5hours ago

According to Odaily Planet Daily, trader 0xSun has reviewed his recent two short positions on WLFI, revealing no unrealized losses. 0xSun stated that he initially identified selling pressure when WLFI opened high between $0.4 and $0.5, opting to short and closing his position between $0.25 and $0.2. Subsequently, based on on-chain data showing concentrated selling from pre-sale addresses after the opening, he reopened his short position when WLFI again rose above $0.3, closing it within the same range.

He believes that the current FDV of WLFI is still relatively high, but the short-term trend depends more on the actual circulation volume and pre-sale unlocking rules. If there is no clear long-short logic, he will not participate in new position operations for the time being.