WLFI Growth Manager: There is a high probability that CEX users are transferring WLFI to sell. Although there is no evidence, we are investigating.

On September 7th, WLFI Growth Director Ryan Fang said in an interview on Thursday evening, "We believe that some very large token holders may be manipulating prices, essentially to lock in profits. We do believe that in a world where a centralized exchange holds a large amount of user funds, some exchanges may attract user tokens and send them to other exchanges for sale. Again, we are still exploring and discovering this. But the possibility of the above situation occurring is certain. Now, imagine, suppose a large exchange holds 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 opening very large short positions, this is possible. In fact, some community members have been notifying us on Thursday. They believe that the situation I just mentioned may occur. That would be a huge systemic manipulation. We will investigate this, which may have caused huge losses in the past few days. However, there is currently no conclusive evidence about this information, but we believe that something has indeed happened in the past few days."