August 24, 2025 Market Analysis
WLFI has launched pre-market trading on Binance, which also means there is a spot listing on Binance in the list for September 1. This project, combining presidential privileges and seasoned crypto advisors, saw a dream market cap of 50 billion FDV at opening, and even during the subsequent sideways trading period, it maintained a total market cap of 40 billion for several hours. If calculated with this market cap, it directly ranks among the top 10 in total market cap. What projects have this level of market cap? Consider: Sun’s TRON (TRX), Musk’s DOGE, and the established blockchain ADA. For a new project, achieving this market cap at the opening is essentially a ceiling, especially with a low circulation and high market cap strategy. Once other tokens start to explain, there will be huge selling pressure.
Of course, I want to congratulate friends who participated in the public fundraising round last year. The first round was at 0.015U, the second round at 0.05U, and based on the current prices, that’s 18 times and 5 times respectively. Although I didn’t participate in this project, I started paying attention to it months ago. I noticed a phenomenon: there are many people blindly shouting prices, like 1U, 4.7U, even 47U, and some are dissatisfied with yesterday’s opening price. It’s important to know that the pre-market trading price on Binance is generally not far from the fair opening price. The saying goes: those who shout blindly are either stupid or malicious, and among them are those who participated in the first two rounds. The intention here is simply malicious, aimed at shouting high prices for others to take over. If you participated in the public fundraising round, wouldn’t you also want to shout the price high before the tokens are released, hoping that those who believe will rush in to take over your position? So, the bottom line is, don’t blindly trust market calls; use your own judgment more.
Back to the market, first, let me address the most concerning question: will the launch of the WLFI project again drain the market's liquidity? Objectively speaking, there will be an impact, but the destructive power on the market this time can be ignored. After all, there is the lesson of TRUMP; there will be significantly fewer people rushing in at the opening. Additionally, this public offering and investment are still mainly dominated by crypto players, so early profit-taking positions are unlikely to exit immediately. As for the tokens held by the Trump family, they are locked up in the short term. Overall, the impact on the market is limited, while the huge wealth effect may attract some new players to enter. Although I am not happy about the Trump family's behavior of issuing tokens for profit, I must say that this round of market activity cannot be separated from Trump's policy support; these are basically marketing costs.
Regarding the market, it is currently in a sideways phase after a rebound. For Ethereum, it is hovering at a high point not far from a new high, seemingly ready to break through at any moment, with a bullish line possibly breaking the $5000 mark. Generally speaking, if this major resistance level is not directly broken, I will handle it with caution, which means continuing to execute the plan to reduce the position to 60% at the $5000 mark. Looking at this sideways situation, it could also be interpreted as another version: the resistance level suppresses and absorbs buying, forming an opposing position using the market's bearish consensus on the resistance level, and when it breaks, it also takes out the shorts. In any case, the probability of a breakthrough is currently very high, even if this breakthrough involves a slight retracement, it will attack again later; it’s just a matter of time.
Thank you for your attention and likes. #ETH创历史新高
