The WLFI token has recently experienced a remarkable market trend, rebounding from $0.16 to $0.23, with a daily increase of 15%. Looking solely at the technical side, the 1-hour chart shows all moving averages diverging upwards, with trading volume increasing simultaneously, and $0.21 has solidified as a new support level; all signals seem to point to a sustained rebound. However, beneath the attractive technicals, this token hides many 'landmines' that cannot be overlooked.
First, there are major flaws at the code level. It is understood that developers rushed to meet the launch schedule, and the contract features were not fully developed, with key modules severely lacking, equivalent to a 'half-finished' product being launched hastily. Ironically, while the project team claims to be 'purely decentralized finance', the actual operations are filled with centralization—users' wallets can be frozen at will, and the blacklist mechanism is used very frequently. This operation has long sparked dissatisfaction within the community, with some users bluntly stating it is 'Mafia-style management'. Even Elon Musk's Grok AI has issued a warning, believing that the project likely carries the risk of fraud, and the so-called 'decentralization' is merely a façade.
Based on this, I have formulated a relatively cautious trading strategy: if I want to enter the market, I will choose to intervene in the range of $0.22-0.23, with a short-term target looking at $0.30. If the market enthusiasm exceeds expectations, there might be a possibility of hitting $0.50. But it must be clear that the stop-loss line will be strictly set at $0.19; after all, in the face of unresolved risks, 'staying alive' is always the top priority. It is important to remind that one should not be blinded by short-term gains; the current WLFI is more like a ticking time bomb. As long as the code vulnerabilities are not fixed and centralization control is not relinquished, every rebound may be the last celebration.
As for the long-term prospects for 2025, I still hold a slight expectation—if the project team can truly resolve the issues of code debt and centralization, and catch the bull market wave, the token price might reach the range of $2-5. But the reality is that if these fundamental problems are not solved, every rebound comes with the risk of 'collapsing to zero'. As a participant who has been in the crypto space for many years, I always firmly believe in one principle: decentralization is not a slogan for speculation, but the bottom line of the project; if the code foundation is not solid, no matter how impressive the technical aspect looks, it is just a paper lantern, bright on the outside but easily punctured.
