NASDAQ-listed company ALT5 announced yesterday that it raised 1.5 billion USD to buy $WLFI and became a shareholder of WLFI's treasury, resulting in a 26% drop in its stock price overnight.
Look at BNB's shareholder company BNC; after officially announcing the purchase of 200,000 BNB yesterday, how much did its stock price rise overnight? A direct increase of 59%. They truly bought, with real money, 200,000 BNB as inventory.
It can be seen that Wall Street does not buy into Trump's rhetoric at the moment. This 1.5 billion USD fundraising still requires big players like the Dubai prince and CZ Sun to support the scene. Without more big names providing chips, this 1.5 billion is unlikely to be raised for now. Both institutions and retail investors are not willing to be the big fools to foot the bill for this 1.5 billion USD fundraising, and naturally, the stock price has dropped.
Retail investors mindlessly FOMOing into WLFI, open your eyes and look at these real facts and data happening. Stop talking about 10 USD, 100 USD. FOMO is fine, but please use some brains and bring out real data to convince others.
The pre-market price of $WLFI on the XT exchange is 0.58 USD. The cryptocurrency circle's faith in President Trump is still relatively solid, not decreasing expectations even with ALT5's significant stock price drop.
Unfortunately, most retail investors in the cryptocurrency circle do not have 1.5 billion in fiat currency and cannot go to NASDAQ to carry Trump’s sedan chair.
