September 5, 2025 Market Analysis
WLFI this matter, and the farce, has been declining since it went online. Yesterday, WLFI had already reached a halved price. In just a few days, investors are really furious. It was revealed that Sun used Huobi's 20% financial management to attract users to deposit coins, and then secretly transferred them to Binance and OK to sell, and would return them to everyone once his unlock was done. Given Sun's reputation in the crypto circle, this kind of operation is quite normal. However, what's even more impressive is that WLFI's official directly blacklisted Sun's new WLIF. Sun has handled over 1 billion WLFI, of which 300 million have already been unlocked. This operation can also be considered dazzling; I can only say, 'There are still experts.'
If we're just discussing the matter, if Brother Sun did indeed misappropriate user assets, then the WLFI officials using centralized powers to arbitrarily ban user assets is also baseless. However, how should I put it, the cryptocurrency world lacks regulation after all. This kind of behavior by Brother Sun can only be handled by the Trump family; otherwise, this situation might not turn out well. The coins released by the Trump family might not earn more than what Brother Sun earns alone. In my view, this belongs to 'black eating black.' Of course, if possible, I suggest everyone avoid Brother Sun's exchange for their own safety.
The recent market is still relatively stable, with Ethereum undergoing a massive turnover. Here are a few sets of on-chain data monitored by Onchainlens: Firstly, Ethereum micro-strategy big brother BMNR bought 48,225 ETH from BitGo, worth 200 million USD; a new wallet withdrew 12,692 ETH from OKB, worth over 50 million USD; a new wallet received 18,404 ETH from FalconX, worth about 80 million USD. These data indicate that institutions or whales are still buying Ethereum recently as a long-term investment. The evidence is that the number of Ethereum queued for staking has reached 945,000, surpassing the 800,000 queued for withdrawal. This is also the first time in Ethereum's history that this situation has occurred.
I want to emphasize again that Ethereum is undergoing an unprecedented turnover, both in quantity and amount. The Ethereum being withdrawn is mainly from cryptocurrency whales and early institutions, while the institutions entering Ethereum for value investment are primarily sovereign funds from Wall Street and other regions, including Japan, Hong Kong, and funds controlled by the mainland. Compared to these capitals, we, as veterans in the cryptocurrency world, must not miss this feast. We should welcome this unprecedented opportunity with spot trading. I predict that after the turnover is completed, the price of Ethereum will reach a new level, so be patient and wait.
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