Hello everyone, I am Crypto Mu Bai
The 'big white' praised by fans is called 'the Buffett of rising markets and the Soros of falling markets.' As an outstanding figure in the crypto field, the big white focuses mainly on spot trading, supplemented by contract operations, and has become a versatile trading expert through precise market judgment and a steady operating style.
The big white is also a senior analyst in the blockchain market for spot trading, contracts, and on-chain gold dog layout, with a win rate of over 96%!
Preface
Why do people in our circle never learn their lesson?!
Have all the lessons learned from being scammed by TRUMP been completely forgotten? If you've forgotten, then the current WLFI is the most typical example! It is repeating all the tragic preludes we are familiar with.
To be honest, compared to what WLFI is currently playing with, TRUMP is child's play. I see so many warning signs that I can't count them; it could practically fill a book. Just a few points, and you'll understand why you must stay far away.
1: The team behind WLFI
When I first saw that picture, I wondered why there were nine co-founders? It seems suspicious.
Nine co-founders? This lineup is too extravagant; it immediately feels off.
There isn't a single reliable person in this team. The Trump family is clearly a brand used for marketing. They don't touch operations or technology at all; they have no understanding of the industry but certainly know how to profit from it.
Zach Witkink has become well-known due to his political identity. His company facilitated a $2 billion deal with the UAE fund MGX using the USD1 stablecoin—this inevitably raises suspicion about whether there are any 'privileged trading' channels behind it.
Chase Herro is also considered a 'celebrity' in the crypto space, calling himself 'the internet scum,' having been in jail, engaged in scam projects, and selling 'get rich quick courses'—how can such a person become a co-founder? It's simply a joke.
Zach Folkman and his kind were previously involved in Dough Finance, which had major issues, DeFi vulnerabilities, and even held 'pickup artist training classes'... Can you believe this persona?
Among the nine founders, seven are billionaires' sons, and the backgrounds of the other two are hard to explain. This is not a 'dream team'; it’s clearly a 'patchwork team + dangerous scheme.'
2: The lies behind it.
What's the worst part? They want you to believe that this project was designed and operated by the Trump family themselves—but in reality, it is not.
The Trump family is just a 'facade,' used to deceive people and gain trust. Even their own disclaimer clearly states this point.
An even harsher tactic here: the Trump family bears no contractual responsibility whatsoever. Legally, you have no way to hold them accountable.
If the project team runs away tomorrow, they can completely and legally distance themselves, and you? You won't even find someone to cry to.
So who should be held responsible?
Not surprisingly, it's Chase Herro and Zak Folkman—who registered a company called Axiom in Puerto Rico.
Although the Trump family bears no responsibility, they certainly took their share: 22.5% of the token share + 75% of the revenue share. The Witkoff family took 7.5% of the tokens + 25% of the share.
Herro and Folkman can also take a share from the token distribution (but do not directly participate in revenue sharing). In short, these are two people skilled at 'harvesting' who made a deal with the Trump family: the Trump family took the biggest chunk, and they could only pick up some leftovers—but even the leftovers are rich for them.
3: WLFI
Honestly, this token is a joke. Six people hold 40% of the total amount, which is textbook 'centralization.' Over 60% of the supply is all held in fewer than 10 wallets, and it's multi-signature controlled—put simply, a few people call the shots.
When it was first issued, only 25% actually flowed to the market, with most concentrated in the hands of a few. The result is that the price fluctuates wildly, and the market is so fragile it shatters with a touch.
Only a few hours after launching, the contract liquidation exploded, and insiders crazily dumped, cashing out hundreds of millions in just a few hours—this is too ugly.
Distribution process? There is basically no transparency. Most tokens can actually be sold right away; insiders can dump whenever they want, with no restrictions at all.
As for what this token is useful for? Essentially zero. They claim it's a 'governance token,' but aside from that, it has no practical function: no profit sharing, no transaction fee discounts, no holding rewards—nothing at all. Their website even clearly states that they can temporarily or permanently limit your 'governance rights' at any time. What governance is that?
Some even suggested using 100% of the protocol fees to buy back tokens. If you're still cheering, wake up: 60% of the supply is in the hands of insiders. Regardless, they are all winners—when the token price rises, their assets appreciate, allowing them to sell at higher prices; if they buy back and pump, they still cash out. Do you really think you can outplay them in this game?
4: USD1
To be honest, this USD1 stablecoin is a joke just based on its logo.
Seriously, can't they put in a little more effort? This thing looks like a seven-year-old created it in five minutes with drawing software.
With something like this, the market cap can actually reach $2.7 billion, becoming 'one of the largest stablecoins.' But to put it bluntly, this is not supported by real users; it's all institutional money circulating back and forth—93% of the volume is piled on Binance, and practically no one is using it in real scenarios.
What's even more outrageous is that if you scroll through Solana to find the wallet address that deployed USD1, you will discover it has issued several other worthless tokens with almost zero trading volume. They are too lazy to even create a clean new address; they directly use an address that has previously issued garbage coins—this says it all.
If you still have any doubts, the simplest way is to read their 'disclosure' on their official website. That's the only place they are slightly honest; the entire text is trying to shirk responsibility, essentially stating, 'This project is unreliable, if something goes wrong, don't come looking for me.'
The entire website is a mess: full of typos, broken links, and chaotic image layouts... It completely exudes a sense of carelessness and amateurism, they can't even be bothered to put in some surface effort.
In summary, WLFI is essentially TRUMP 2.0—a highly centralized meme coin, utterly useless and uninnovative aside from profit speculation. Its only purpose is to make already wealthy people richer. Just from my day of research, I found about 20 warning signs; if I were to list them all, this article wouldn't hold them.
My advice is simple: stay away. If you have already made a profit, cash out and leave.
This thing can become popular purely relying on Trump's name. But to be honest: if you let Trump explain what this project is all about, I bet he wouldn't be able to clarify it at all.
5: Review of Big White's strategies
$WLFI This is really garbage. Such a big commotion, such a good narrative, indeed the Trump family doesn't care about their reputation, but luckily, the big white was short from the start, and the benefits fell apart.
It even misled $DOLO directly. This short position feels really good, taking 10x leverage to the present, tens of thousands of u in hand, and the big white had already given a heads-up. Of course, specific strategies can be obtained one-on-one; rarity makes it valuable!
Interest rate cuts are also coming soon; the market will drop first, and then fall again when the benefits land!
The Trump family is really doing nothing, a Trump-branded scythe!
