An unexpected "blacklist drama" is creating huge waves in the cryptocurrency world. The WLFI project, endorsed by the Trump family, has revealed shocking operations: the project team directly blacklisted the wallet address of early investor and Tron founder Justin Sun, raising strong doubts about its commitment to "decentralization". Interestingly, this radical move temporarily halted the token's decline.
How much is this controversial project really worth? Is it worth investing in right now?
Data reveals the truth: WLFI previously raised $550 million through two rounds of financing, with Justin Sun as one of the investors. After its listing, the token price has been declining, which the Trump family is clearly unhappy about. Over the past week, the price has gradually stabilized and is still fluctuating at a low level, providing some room for imagination for investors looking to "buy the dip."
However, it is essential to remain highly vigilant: the current circulation of WLFI is only 25%, and a large number of tokens are still held by the team, with future unlocks potentially creating heavy selling pressure. Previously, Trump-themed meme coins plummeted by 80% due to flaws in their token economic models, which is a profound lesson.
However, the market never lacks reversal plots. Just as the PUMP of the FUN ecosystem realized a price rebound through daily buybacks of $2 million, the WLFI team also attempted to destroy $11 million worth of tokens, but this move is like a drop in the bucket compared to the $550 million financing scale. More notably, Eric Trump has resigned from the board of the company responsible for purchasing WLFI due to conflict of interest issues.
From a macro perspective, the Trump family's support for cryptocurrencies remains strong. Their family assets surged by $13 billion after the launch of WLFI and the merger with ABTC. This Bitcoin mining company, powered by renewable energy, saw its stock price soar over 1000% due to the Trump concept endorsement.
In the long run, cryptocurrencies are gradually becoming a consensus area between the two parties in the United States, which is beneficial for the overall industry.
In terms of trading data: WLFI mainly trades on the ETH and Solana chains. There are 76,000 holders on the ETH chain, with 482 whale addresses; on the Solana chain, there are 27,000 holders, with only 31 whales. The perpetual contract market shows a trading volume of $682 million in the past 24 hours, with spot trading only at $60 million, and most retail investors are bullish, with a positive funding rate.
If WLFI can launch new products such as an app, lending platform, or exchange on schedule, it could become a price catalyst. The key lies in timing.
Unlike pure meme coins, WLFI has more institutional investors involved, and the Trump family is also reluctant to easily 'crash' the ecosystem. The team's control strategy for token release is similar to Chainlink—issuing more tokens at high prices and maintaining stability at low prices.
If you must choose within the Trump ecosystem, WLFI has more potential compared to meme coins because the Trump family's resources and attention are clearly tilted towards it.
In summary, the dramatic development of WLFI has exposed its 'centralized' nature and demonstrated the team's determination to maintain stability. The current price is at a delicate balance: facing a huge selling pressure from uncirculated tokens on the downside, while being supported by Trump's credibility endorsement and potential positive news on the upside.
Opportunities and risks always coexist. Investing in WLFI is more like a bet on the influence of the Trump family and the operational capabilities of the project team.
If you recognize the Trump family's influence in the crypto space and believe the team can emulate Chainlink's control strategy while enduring high volatility and centralized risks, then the current price level may be worth cautiously testing, but be sure to set a stop-loss line.
If you seek true decentralized value and robust fundamentals, then maintaining a wait-and-see approach and allocating funds to mature assets like BTC and ETH may be a wiser choice.
The market is never short of opportunities; what is lacking is the determination to adhere to investment principles. No matter what choice you make, please remember: do not invest in assets you do not understand, control position risk, and never bet on losses you cannot afford.
If you currently feel confused and lost in trading and want to learn more about cryptocurrency knowledge and cutting-edge information, feel free to click on my profile and follow me. In this bull market, let’s move forward together and not get lost again!#wifi
