According to PANews, Eric Trump, son of Trump, stated on platform X that the first round issuance price of the $WLFI token was $0.015, and the current trading price is $0.20–$0.28, rising to 20 times the issuance price. The first-day trading volume reached $3.1 billion, ranking 10th in global trading volume, and 27th in market capitalization.
Shengshou believes that the so-called '10th in global trading volume' and 'first-day $3.1 billion' figures are not very credible!
Currently, the total daily trading volume of the entire cryptocurrency market is generally only around $10-15 billion. A new token with a first-day trading volume accounting for more than 20% of the entire market? The probability is lower than winning the lottery! Even more ridiculous is that it ranks only 27th in market capitalization, yet its trading volume rushes into the top 10. This is clearly the project team inflating the numbers to create a false impression of 'popularity', specifically targeting uninformed retail investors!
That being said, the 'data packaging' in the crypto space is too common! Eric Trump, as an outsider, suddenly jumps out to endorse the token; in simple terms, he is using the gold brand 'Trump' to profit at the expense of others. He is not genuinely optimistic about the project, and this pattern has been evident since the first wave of Trump coins.
Promoting a 20-fold increase? Shengshou believes this is merely a death game of 'passing the buck'. Even at the lowest price of $0.20, WLFI has risen 13 times from the issuance price. It cannot be said that the first day was a surge; Shengshou had previously discovered a quick drop right after a brief rise, where the fact of cutting leeks was evident, and it can only be said that the whole thing is a setup.
The risk of WLFI is represented by the lack of a lock-up mechanism, meaning early investors can cash out and run anytime; additionally, the low liquidity makes it easy to deliberately control the token supply, creating a false impression of 'scarcity'. Even more unfriendly to retail investors, some communities wash and shout daily about 'Trump family support', aiming to profit from political fans' wallets.
Ultimately, tokens like WLFI have no real application scenarios, and their prices are entirely supported by emotions! Referencing the lesson from DOGE's 800% surge on the first day followed by an 80% crash in 2021, those chasing high prices now are very likely to become the final 'bag holders'!
Brothers, everyone must remember that celebrity endorsements do not equal safety! Be careful of SEC fines coming down! Eric Trump's tweets essentially represent 'monetizing political IP', but the SEC has long been watching celebrity endorsements in cryptocurrency! For example, Kim Kardashian was fined $1.26 million for promoting 'Ethereum Max'. If WLFI is deemed an 'illegal security', the project team and promoters may face huge fines, causing the token price to crash! Although it seems unlikely that Trump's current status would lead to a similar situation, there are many things to consider. Shengshou won't elaborate here; those who want to discuss can follow me for related content, and I will answer any questions.
Nowadays, if one wants to develop long-term in the crypto space, it's all about real technology and real applications. Air tokens that are solely promoted by the name 'Trump' will eventually be crushed by regulation! Therefore, I still remind retail investors not to be blinded by 'political halo'!
Of course, Shengshou believes that WLFI is not without merits at present.
A new coin's short-term layout can indeed be played with small amounts of money. Entering at the right time and setting appropriate targets is crucial, and one must set the right stop-loss line; otherwise, it means giving money to the market makers! However, if one wants to make money in the long term, Shengshou does not recommend it for beginners. Genuine value coins need years to build ecosystems, not just rely on marketing for wild price swings.
Following trends and heat, and making short-term layouts can indeed offer great opportunities, but do not hold too high expectations, and don't become 'leeks'. Stay vigilant! For WLFI, maintain a cautious attitude and do not be misled by the celebrations. The hype around WLFI is just a 'traffic game', with false data and poor compliance. The crypto space is not lacking opportunities, but rather patience!
Instead of chasing 'Trump concept coins', it is better to trust mainstream currencies like $BTC and $ETH or research innovative directions like Layer 2 and RWA.
Brothers who want to get on the bus or are unsure about how to lay out operations after the bus has left, remember, as long as there is awareness, there is opportunity! So what are you waiting for? Follow Shengshou and let us guide you out of this chaotic fog of celebration and have a big feast!
