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Recently, the cryptocurrency market has experienced turbulence again, and WLFI has become the focus. A phishing attack targeting WLFI private sale investors has raised concerns in the market. The attacker exploited the EIP-7702 vulnerability by forging the authorization address of a smart account, inducing users to authorize and then transferring ETH away, affecting more than 10,000 addresses.
The event had a significant impact on the market performance of WLFI. Although the 24-hour increase reached 19.58%, the difference between the highest and lowest prices was minimal, which may indicate data anomalies or low trading activity. More notably, the 24-hour trading volume was only $5,247.41, with a turnover rate close to zero, indicating extremely low market participation.
From a technical perspective, WLFI's trend exhibits highly unstable characteristics. The price fluctuates violently, yet the actual trading volume is abnormally sluggish, presenting features of a "zombie market." The RSI indicator does not show overbought conditions, but at the same time, there is a lack of strong support. Moving averages and MACD indicators make it difficult to determine a clear direction, which means the current market is primarily driven by news, and investors need to be cautious of becoming "emotional bag holders."
In this market environment, investors should maintain a cautious attitude. It is recommended to keep low positions and closely monitor market trends. For investors considering bottom-fishing, special attention needs to be paid to risk control to avoid blindly following the trend. At the same time, be wary of the potential risks in the altcoin market and do not rashly engage in high-risk investments.
Overall, the current situation facing WLFI is complex, and investors need to comprehensively assess risks and make rational decisions. In the context of unstable market confidence, staying calm and patient may be the wisest choice. The future market direction remains to be seen, and investors should continuously monitor relevant developments in order to adjust their investment strategies in a timely manner.