🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
Fam, head to Gate Square now and cheer for #TokenOfLove# — 20 music festival tickets are waiting for you! 🔥
HyunA / SUECO / DJ KAKA / CLICK#15 — Who are you most excited to see? Let’s cheer together!
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🎵 The song you want to he
Recently, a noteworthy project WLFI has emerged in the crypto assets market, but its current Fully Diluted Valuation (FDV) seems to lack substantial support. The project's FDV once soared to an astonishing $55 billion, and even when the coin price was $0.28, its FDV still reached $28 billion, exceeding the total of several well-known projects.
The token supply of WLFI is fixed at 100 billion coins, of which 22.5 billion coins belong to the Trump family. Notable investor Sun Yuchen acquired 2 billion coins for $30 million, with a unit price of only $0.015. The cost price for other early investors ranges from $0.05 to $0.2, involving a total of approximately 7.75 billion coins.
The project launched on the Ethereum mainnet on September 1, allowing for distribution and trading. However, 80% of the tokens are still locked, and future unlocking plans will be decided by community voting, which undoubtedly brings uncertainty to the project. Although the tokens of the founders, team, and advisors are temporarily locked, the potential risk of massive unlocking still exists.
Compared to other meme coins, the early players of WLFI had a lower cost, but the entry cost for ordinary investors has significantly increased. At the same time, the project may face a large number of early investors taking profits as soon as it goes online, leading to concentrated selling pressure.
Considering the high valuation of WLFI, the potential risk of large-scale unlocking, and the unfavorable game position for ordinary investors, participants need to be especially cautious and comprehensively assess the risks and returns. In the crypto assets market, rational analysis and risk management are always the keys to investment success.