🚨 The $WLFI launch mess - explained 🚨

1. Launch day (Sept 1)

- Community: meant to be 5%, but really 4% went live (not everyone used the lockbox).

- Liquidity & marketing: 2.8% (not 1.6% like first reported).

- Together = 6.8% circulating supply.

- Other allocations (10% ecosystem + 7.8% Alt5 Sigma) weren’t truly circulating, they just weren’t locked in smart contracts with vesting.

2. Justin Sun’s stash

- He owned 3% of the total supply.

- Only 20% of his stash was unlocked at launch, the rest (80%) was still locked.

- He publicly said he wouldn’t sell.

3. The weird price action

- WLFI launched at $0.20 ($1B market cap).

- Billions in trading volume, tons of hype.

- But price kept sliding down, even though the community wasn’t really selling. The PA looked robotic.

4. What likely happened

- Exchanges may have dumped part of their 2.8%.

- Justin Sun allegedly funneled WLFI through HTX (his exchange), offering users 20% APY to deposit WLFI.

- This let him dump ‘his entire stack’ while making it look like user deposits were being staked.

- he was going to fill the gap in user tokens with his own stack when too many sell or withdraw.

5. The fallout

- Sun got caught. Reports say he used user deposits to dump his personal tokens that were still locked for a while.

- His address was frozen.

- Retail realized they were exiting liquidity.

👉🏽 And once again retail gets slaughtered while insiders rig the game.#WLFI #JustinSun