🎭 The starting point of the incident WLFI project background: It was launched in a high-profile manner with the halo of "the endorsement of the Trump family", and is known as a benchmark project for the integration of politics + encryption. Justin Sun was frozen: his nearly 3 billion WLFI (worth over 100 million US dollars) was directly blacklisted by the project party, accusing him of "malicious selling". Market plummeted: WLFI went online for 4 days, falling from US$0.46 to US$0.18, and its market value evaporated by 6 billion. 🔥 The triple harvesting routine destruction and fraud was announced to destroy 47 million tokens, but the total supply is as high as 100 billion, with minimal effect. Without on-chain vouchers, instead, 20 billion tokens were released on the unlocking day, directly smashing the market. The market rumor is that "Yuchen Sun sells", but the data on the chain shows that the maximum selling pressure comes from an anonymous address. The project party used Justin Sun as the scapegoat to cover up structural problems such as concentrated token allocation and high pressure to unlock. Governance scam claims 80% of the tokens are controlled by community voting, but voting rights are concentrated on early investors. The flow of funds in the vault was unknown and suspected of misappropriation, becoming a "Ponzi ATM". 🕵️ Justin Sun's role holds an amazing position: he spent $75 million to buy 3 billion WLFI, and currently holds nearly 600 million (about $100 million market capitalization). On-chain operations are suspicious: WLFI with a scale of tens of millions of dollars has been transferred to the exchange many times, on the grounds of "recharge test", but the outside world generally suspects that it is a real shipment. Market doubts: Brother Sun was detected to be transported to HTX and Binance in batches while shouting that he was "not going to ship". Investors believe that he was "secretly cutting leeks." �chang️ The Trump family has a deep binding huge holdings: the Trump family directly or indirectly holds 22.5 billion WLFIs, and Trump himself holds 15.75 billion. Capital Transfer: Alt5 Sigma buys WLFI 75% net income flows to the Trump family. Political Stand: Trump himself has issued propaganda many times, and his two sons directly serve as WLFI's "Web3 Ambassador". ⚡ The impact of the blacklist incident is concentrated power: Only the project can freeze Justin Sun's assets with one click, completely exposing the illusion of "decentralization". Price roller coaster: At one point, a slight increase due to "selling pressure clearance", but eventually fell by more than 16%, and investors' wealth shrank significantly. Trust collapse: The political token sector is covered with shadow, and the market is full of doubts about the model of "political halo" + "token economy". 📉 Core truth project routine: destroy falsehood + manage concentration + transfer conflicts. Brother Sun was embarrassed: he was not only the biggest investor, but also pushed to the forefront. Trump's binding: political capital is deeply involved, and the flow of funds is opaque. Investment conclusion: This is a "triple bubble" project, and retail investors are very likely to become victims. Risk Warning: The remarks in the video can only represent personal opinions and cannot be used as investment advice. Chart analysis is only used to learn how to view indicators and cannot be used in real trading. Investment is risky and not suitable for everyone. All transactions will have the possibility of a complete loss, even exceeding the personal financial ability. You must contact your legal registered financial adviser before investing and cannot make any decisions based on the comments and charts in the video.
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