According to on-chain analyst Yu Jin, WLFI officials spent 10 million USD1 to purchase 55.687 million WLFI tokens between 3 and 4 a.m. this morning, when the token's price began to decline, at an average price of $0.18. Just an hour later, at around 5 a.m., the altcoin experienced a major crash, with WLFI plummeting to a low of $0.07. It has since rebounded to $0.12, a drop of over 30% from the purchase price.