令牌解鎖躁狂症：估值，defi規範和加密貨幣的野外西部

代幣解鎖正在搖擺不定的世界，影響估值並具有挑戰性的既定規範。從WLFI的大規模解鎖到Linea的前市場狂熱，這是Lowdown。

Token unlocks are the talk of the town in DeFi, driving wild valuation swings and forcing everyone to rethink the rules. From Trump-linked projects to Layer 2 hopefuls, it's a rollercoaster!

令牌解鎖的是該鎮在Defi中的討論，駕駛野生估值波動並迫使所有人重新考慮規則。從與特朗普有聯繫的項目到第2層有希望的人，這是過山車！

The WLFI Token Tsunami: A $483 Million Unlock

WLFI令牌海嘯：4.83億美元的解鎖

World Liberty Financial (WLFI), the DeFi project with a connection to former President Trump, is making waves. Their September 1st token unlock unleashed 20% of presale tokens, roughly 5% of the total supply, worth around $483 million. The derivatives market went bonkers, surging over 400% to $3.13 billion. Early investors who got in at $0.015 could be looking at 20x returns, with pre-market prices hitting $0.32.

與前特朗普前總統有聯繫的DEFI項目世界自由金融（WLFI）正在揮手。他們的9月1日令牌解鎖了前代幣的20％，約佔總供應量的5％，價值約4.83億美元。衍生品市場持續了400％超過400％，至31.3億美元。收入為0.015美元的早期投資者可能會尋找20倍的回報，而前市場價格達到0.32美元。

The buzz is so intense that WLFI could debut with a fully diluted valuation (FDV) exceeding $31 billion, putting it up there with the big dogs like SUI, Dogecoin, and TRON. The Trump family's stash of 22.5 billion WLFI tokens, locked up tight, could be worth over $7 billion. That's a lot of cheddar!

嗡嗡聲是如此強烈，以至於WLFI可以以超過310億美元的全部稀釋估值（FDV）首次亮相，並將其與Sui，Dogecoin和Tron等大型狗一起放在那裡。特朗普家族藏有225億個WLFI代幣，被鎖住了，價值超過70億美元。這是切達大家！

LINEA's Pre-Market Dance: A Valuation Balancing Act

Linea的前市場舞蹈：估值平衡行為

Meanwhile, LINEA's pre-market trading on Binance is giving us a peek into the crazy world of early-stage token valuation. As of August 2025, LINEA's trading at $0.052, down from its initial price of $0.08. Its FDV sits around $3.6 billion, playing in the same sandbox as Arbitrum and Optimism. But pre-market trading is like playing with fire. Tokens can surge or crash, and LINEA's no exception.

同時，Linea在Binance上進行的前市場交易使我們窺視了早期令牌估值的瘋狂世界。截至2025年8月，Linea的交易價格為0.052美元，低於其初始價格0.08美元。它的FDV位於36億美元左右，與仲裁和樂觀相同的沙盒玩耍。但是，前市場交易就像玩火一樣。令牌可能會激增或崩潰，而Linea也不例外。

Binance's pre-market model, where you can trade tokens before they officially launch, is a wild card. History shows these tokens can be 20 times more volatile than post-launch ones. LINEA's success hinges on its ability to deliver on its Layer 2 promises, like faster transactions and lower costs.

Binance的前市場模型是通配符，您可以在官方推出之前交易代幣。歷史表明，這些令牌可能是發射後的令牌的20倍。 Linea的成功取決於其交付其第2層承諾的能力，例如更快的交易和較低的成本。

DeFi Norms: What's Normal Anyway?

defi規範：無論如何是什麼？

These token unlocks and pre-market shenanigans are challenging the norms of DeFi. Projects are getting valuations that seem out of whack with reality, and early investors are raking in massive profits. But the question is, can these valuations be sustained? As one 2024 study revealed, Binance-listed tokens underperformed the broader market by -31.20% within six months, with 268 tokens losing over 50% of their value relative to the market.

這些代幣解鎖和前市場的惡作劇正在挑戰Defi的規範。項目的估值似乎與現實無關，而早期的投資者正在賺取巨額利潤。但是問題是，這些估值能否維持？正如一項2024年的一項研究表明，在六個月內，Binance上市的代幣的表現不佳，而較廣泛的市場的表現不佳，而相對於市場，其價值超過50％。

My Two Satoshis

我的兩個satoshis

Here's my take: token unlocks and pre-market trading are exciting, but they're also risky. It's like betting on a horse race where the horses haven't even left the stable yet. Do your homework, understand the risks, and don't put in more than you can afford to lose. I mean, even the projects with celebrity backing and fancy tech can still end up in the crypto graveyard.

這是我的看法：令牌解鎖和前市場交易令人興奮，但它們也有風險。這就像押註一場賽馬，那裡的馬甚至還沒有離開馬stable。做作業，了解風險，不要投入超出您負擔得起的損失。我的意思是，即使是名人支持和高檔技術的項目，仍然可以進入加密墓地。

The Bottom Line

底線

Token unlocks and pre-market trading are shaking up the DeFi world, creating opportunities and risks in equal measure. Whether it's the WLFI token unlock or LINEA's pre-market trading, stay vigilant. This is the Wild West of crypto, so buckle up and enjoy the ride! Just don't forget your cowboy hat.

令牌解鎖和前市場交易正在震撼defi世界，以同樣的方式創造機會和風險。無論是WLFI代幣解鎖還是Linea的前市場交易，請保持警惕。這是加密貨幣的野外西部，所以搭扣並享受旅程！只是不要忘記你的牛仔帽子。