WLFI, the crypto project shining under the 'Trump family endorsement' aura, plummeted from $0.46 to $0.18 just 4 days after its launch, with a market cap evaporating over $6 billion. Behind this farce lies the project's 'destruction promise turning into a numbers game,' shifting blame to Sun Yuchen, and community voting becoming a 'Ponzi scheme' with a triple harvesting routine.

Destruction Farce: Can 0.047% of 'mosquito blood' save the market?

WLFI announced the destruction of 47 million tokens in a high-profile manner, attempting to boost the token price. However, this action is merely a drop in the bucket compared to the total supply of 100 billion tokens, and it doesn't even qualify as a 'psychological placebo.' Ironically, the destruction process is opaque, with no on-chain proof, leaving investors to passively accept 'official statements.' Meanwhile, the 20 billion tokens unlocked on September 1 flooded the market like a tide, directly crashing the token price. The destruction promise ultimately became a self-directed farce of 'mosquito blood' by the project team.

Blame-shifting drama: Sun Yuchen becomes the scapegoat

After the token price plummeted, rumors suddenly circulated in the market that 'Sun Yuchen's selling caused the collapse.' However, on-chain data shows that the largest sell order came from an anonymous address, unrelated to Sun Yuchen. The project's move is nothing more than an attempt to shift the blame and push the responsibility for the collapse onto 'external investors,' covering up the essential problems of concentrated token distribution and immense unlocking pressure. Sun Yuchen's 'scapegoating' this time also exposes the absurdity of the 'blame culture' in the crypto circle—if the project party is incompetent, just pull in a celebrity to take the blame.

Voting trap: Community governance turns into a 'Ponzi ATM'

WLFI claims that 80% of the remaining tokens will be unlocked through community voting, and that treasury tokens will not be sold. However, voting rights are highly concentrated and controlled by early investors, and the use of treasury funds remains a mystery. Data shows that after the unlock, the treasury once recharged Binance with 50 million USD1 tokens, purpose unknown. Once community voting goes out of control, the vicious cycle of unlocking and dumping will completely destroy the token price. The so-called 'community governance' is merely a 'Ponzi ATM' set up by the project party to delay collapse and continue harvesting retail investors.

Is $0.18 a bottom or a trap? Qingtian helps you see through it at a glance!

Currently, both long and short positions in WLFI are fiercely battling. But no matter how strong the endorsement from the Trump family is, it cannot cover up the reality of the project's tokenomics flaws, damaged team reputation, and collapsing market sentiment. For ordinary investors, it is advisable to cut losses immediately and stay away from this 'political halo + token economics + governance scam' triple bubble project.

The collapse of WLFI once again proves that in the crypto circle, trust is the most expensive luxury, while harvesting is always the simplest business. Want to get more insider information from the crypto world and avoid investment traps? Follow Qingtian, let you analyze the industry truth from a professional perspective, and seize wealth opportunities in the chaos! #币安HODLer空投OPEN