Recently, the WLFI Token has attracted widespread attention and controversy. This token is associated with the Trump family and recently announced the destruction of 47 million tokens, but this action has been questioned as possibly being a means for insiders to Be Played for Suckers.
According to the data, the total supply of WLFI tokens is 100 billion, and after this destruction, there are still 99.953 billion tokens, with almost no change in circulation. However, the project team refers to this move as a 'market rescue' action. It is worth noting that the so-called 'community vote determines the treasury tokens' is actually controversial, as the Trump family controls over 20 billion tokens, while the voting limit for a single wallet is set at 5%, a practice criticized as 'pseudo-decentralization'.
WLFI experienced a 25% plunge on its first day of launch, with its market value dropping from 40 billion to 5.4 billion. This was mainly due to the project team suddenly disclosing that the circulating token supply was 25 billion, which is five times the previous expectation, leading to a collapse in confidence among retail investors. The subsequent 'buyback + burn' plan mainly relies on transaction fees for support, making it difficult to compensate for the impact of 25 billion tokens, and is considered merely a strategy for short-term speculative hype.
The power structure of the project also has issues. The Trump family controls 75% of the net income from the Token sales through their company, while the associated company Alt5 Sigma Corp. receives 7.5%. Notably, Alt5's stock price dropped by nearly 50% within two days following WLFI, indicating a close relationship of vested interests.
In terms of ecological construction, the market value of WLFI's stablecoin USD1 is only 2.7 billion, far lower than USDT and USDC. In addition, the project faces compliance risks and has already attracted Congressional investigation into whether it affects SEC enforcement. Meanwhile, related investments from the UAE sovereign fund may involve constitutional clause disputes.
Currently, the price of WLFI is $0.22, and a fully diluted valuation of 2 billion is considered too high. If the project cannot break away from its dependence on Trump's aura and truly establish its own ecosystem, even multiple token burnings will be difficult to change its nature as a tool to Be Played for Suckers. Investors need to remain highly vigilant when considering investing in WLFI and carefully assess its potential risks and true value.
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DataChief
· 8h ago
suckers play people for suckers wash and sleep
View OriginalReply0
SchroedingerGas
· 8h ago
suckers voted with their feet
View OriginalReply0
GateUser-a180694b
· 8h ago
play people for suckers and then Rug Pull
View OriginalReply0
OnchainHolmes
· 8h ago
This trap is obviously Be Played for Suckers!
View OriginalReply0
TheMemefather
· 8h ago
Whatever the destruction or not, it's all just a trick to play people for suckers.
View OriginalReply0
NervousFingers
· 8h ago
play people for suckers play people for suckers Just watch the show and that's it.
Recently, the WLFI Token has attracted widespread attention and controversy. This token is associated with the Trump family and recently announced the destruction of 47 million tokens, but this action has been questioned as possibly being a means for insiders to Be Played for Suckers.
According to the data, the total supply of WLFI tokens is 100 billion, and after this destruction, there are still 99.953 billion tokens, with almost no change in circulation. However, the project team refers to this move as a 'market rescue' action. It is worth noting that the so-called 'community vote determines the treasury tokens' is actually controversial, as the Trump family controls over 20 billion tokens, while the voting limit for a single wallet is set at 5%, a practice criticized as 'pseudo-decentralization'.
WLFI experienced a 25% plunge on its first day of launch, with its market value dropping from 40 billion to 5.4 billion. This was mainly due to the project team suddenly disclosing that the circulating token supply was 25 billion, which is five times the previous expectation, leading to a collapse in confidence among retail investors. The subsequent 'buyback + burn' plan mainly relies on transaction fees for support, making it difficult to compensate for the impact of 25 billion tokens, and is considered merely a strategy for short-term speculative hype.
The power structure of the project also has issues. The Trump family controls 75% of the net income from the Token sales through their company, while the associated company Alt5 Sigma Corp. receives 7.5%. Notably, Alt5's stock price dropped by nearly 50% within two days following WLFI, indicating a close relationship of vested interests.
In terms of ecological construction, the market value of WLFI's stablecoin USD1 is only 2.7 billion, far lower than USDT and USDC. In addition, the project faces compliance risks and has already attracted Congressional investigation into whether it affects SEC enforcement. Meanwhile, related investments from the UAE sovereign fund may involve constitutional clause disputes.
Currently, the price of WLFI is $0.22, and a fully diluted valuation of 2 billion is considered too high. If the project cannot break away from its dependence on Trump's aura and truly establish its own ecosystem, even multiple token burnings will be difficult to change its nature as a tool to Be Played for Suckers. Investors need to remain highly vigilant when considering investing in WLFI and carefully assess its potential risks and true value.