Is Sun Yuchen 'innocent' and crying injustice? Is it the Trump family killing the chicken to scare the monkey, or are both sides putting on a show to harvest the leeks?
So angry I could slam the table! Just after having dinner with Trump, Sun Yuchen suddenly faces a$WLFI project that 'stabbed' and froze 900 million dollars worth of tokens! He sent several long posts to prove his innocence, but the community has already erupted into chaos. Is this a case of 'harvesting leeks' hitting a brick wall, or is it a tacit understanding to stoke the heat? The winner tells everyone to open their hearts and say: this show is more exciting than any script in the crypto circle!
Is the encrypted version of 'The Farmer and the Snake'? From benefactor to enemy, it’s somewhat perplexing.
How can Sun Yuchen be an ordinary investor? He spent $75 million to buy WLFI tokens and promised to invest another $100 million to buy Trump's TRUMP coin. As a result, after transferring 50 million WLFI tokens to a new address, the project side turned sour and blacklisted him, directly locking 540 million unlocked tokens and 2.4 billion locked tokens! This operation is somewhat like 'the wolf I raised bites me back'.
What’s even more absurd is that when Sun Yuchen transferred $9 million worth of tokens, the WLFI price had already dropped 24%. Nansen's CEO Alex Svanevik stated on social media that after analyzing with the agent, he provided a timeline of evidence: from 04:00 to 06:00 on September 4th, the price plummeted, and he only transferred at 09:18, which was not him dumping the market!
'I am innocent' VS 'You are the murderer', this situation is like both sides holding their ground.
Sun Yuchen, anxious, repeatedly posted soul-searching questions on X: 'I only made a few small test transfers, no buying or dumping, why freeze me?' He shared an open letter to WLFI, emphasizing with every word that 'the spirit of blockchain is fairness and transparency, not black-box operations'. But what about the project side? They have remained silent so far. Nansen AI's analysis has been wildly forwarded by Sun Yuchen, captioned 'I am innocent'. This self-defense—could it be real injustice or a meticulously designed 'victim' persona?
The community has split into two factions: the 'cutting leeks and hitting a brick wall' theory VS the 'double act to hype' theory. After observing the community for a long time, I found that the main arguments seem to be as follows.
One faction criticizes Sun Yuchen for 'cutting leeks and hitting a brick wall', saying he 'used retail investors' coins to dump, while redeeming his own coins' in a four-step hedging strategy. This time, after messing up, he was 'cleaned up' by the project side.
Another faction suspects a 'double act', thinking this is a 'hype script' performed by both sides, after all, WLFI needs exposure, and Sun Yuchen needs to consolidate his position. The more intense the conflict, the higher the attention, and in the end, the tokens are unfrozen, resulting in a win-win situation.
Personally, I think the second option is more intriguing, after all, in the crypto space, when has the 'hype economy' not been calculated?
However, what makes my back chill even more in this heated discussion is WLFI's 'sneaky operation': temporarily changing the circulating supply from 5 billion to 25 billion tokens before the launch, directly triggering a crisis of trust among investors, with complaints echoing in the governance forum, questioning the 'qualifications of early supporters'.
The most ironic thing is that while the project side shouts 'decentralization', they hold the 'blacklist' power, deciding who to blacklist at will. How is this DeFi? This is clearly a centralized stronghold!
At present, it seems that for optimistic retail investors, there are only lessons learned. Whether there will be a boomerang is uncertain, but what is certain is not to blindly worship the 'celebrity halo'.
Now the token price has plummeted 24%, and retail investors are crying in the bathroom. Some question, 'If even Sun Yuchen's wallet can be frozen, how can we ordinary people guarantee the safety of our assets?'; while others support, 'Stopping manipulation is to protect retail investors.'
I remind you, in the volatile and regulatory vacuum of the crypto world, the project side is the 'ultimate referee'. Don't be fooled by the guise of 'decentralization', and don't blindly believe in 'celebrity endorsements'. After all, today they can freeze Sun Yuchen's address, and tomorrow they can freeze yours. This 900 million storm is not the end but the tip of the iceberg in the crypto power game. Keep your eyes open, stay true to your heart, and only with unique vision and precise layout can one survive.
#特朗普家族币 #WLFI
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