Regarding the issue of WLFI investment losses, everyone is quite puzzled. After checking for several hours, I will explain the specific process. On January 21, WLFI announced the purchase of 287 million tokens to celebrate the inauguration of President Trump. At that time, the price of Ether was around 3400. Later, Ether continued to decline. On March 9, they added another 80 million, with a cost price of 3240, resulting in a loss of 80 million. By April, Ether continued to decline, leading to a total loss of 157 million across all tokens. In April, WLFI transferred part of its investment portfolio to Coinbase Prime when the price of Ether was around 1800. A friend mentioned he sold at 2000, but there is no clear evidence that these assets were sold. The transfer to Coinbase Prime may have been for custody, trading preparation, or other strategies (such as lending or staking), but it has not been determined whether it was sold. There are several versions circulating online, but one states that part was sold, which has been hinted at by official sources, so it should be considered relatively reliable. If you compare it with the Ether price chart, you can see that the WLFI team basically thought it was a correction and then bought the dip. As a result, it continued to decline, and then they bought more, leading to another decline, after which they transferred part of the assets. This is the entire process $WLFI