According to a report by cryptorank, the number of subscribers for the WLFI project has exceeded 34,000 individuals or qualified entities.
Written by: Liu Jiao Lian
Yesterday, BTC formed a long doji candlestick, with the opening and closing prices almost equal at 104.9k, a low of 99.5k, and a high of 109.8k, creating exaggerated upper and lower shadows with a total length of 10.3k, which is equivalent to a total shadow length of 10,000 dollars. Reflecting on the price heights of BTC six or seven years ago, it was only around 10,000 dollars; now, a single day's volatility can reach such levels, which is truly astonishing. The doji candlestick signifies intense competition. Naturally, this is closely related to the inauguration of President Trump.
Today, BTC began to change direction and fell, once dipping to 100k. It is currently still above 100k.
A few days ago, the newly launched presidential coin Trump meme and the first lady coin Melania meme left the crypto market, known for its unconventionality, in a state of confusion. Soon, naive individuals will learn an important lesson: free capitalism does not have an iron fist, but it does have a sickle. Between being a nail under the iron fist and being chives under the sickle, you have the "freedom" to choose either.
According to the current modified capitalism in the U.S., you are the chives nailed down. MAGA conservatism aims to restore the former glory of free capitalism, to regain "true" freedom—the freedom of being harvested by the sickle, the freedom of chives being harvested.
Teaching people is difficult, but teaching things can be done in one go. On Saturday, the Trump meme appeared, KOLs (Key Opinion Leaders) shouted loudly, showcasing million-dollar profits, leading the chives to become impulsive, regretful, and filled with FOMO. On Sunday, the chives charged in, and the project team, operators, and KOLs all sold off, cashing in their profits, exchanging the chives' real money for their grand vision and great dreams. On Monday, the price collapsed, and the chives stood guard at high positions, getting trapped, suffocated by dreams, and paying the price for the grand vision.
Three days for a lesson, and the tuition is quite expensive.
Such decisive harvesting, such sharp techniques, where did these "masters" and "quick knives" come from?
The grass snake leaves a trace, hidden for a thousand miles.
On the 20th, cryptorank reported that the sales of Trump meme and Melania meme greatly propelled the pre-sale progress of the Trump family's crypto project WLFI (World Liberty Finance).
In fact, as early as October 16, 2024, in the internal reference of Jiao Lian "Wednesday, Soaring Upwards", it was mentioned that the WLFI project was a non-transferable governance token aimed at raising 300 million dollars, with a valuation of 1.5 billion dollars.
According to reports, on January 20, 2025, the WLFI project officially posted that 20% of the token sales had been completed. In response to the enthusiasm for purchasing, an additional 5% of the quota was opened for everyone to buy!
The total supply of WLFI tokens is 100 billion. The pre-sale price is 0.015 dollars.
So we can quickly calculate that 20% is 20 billion tokens, multiplied by 0.015 dollars, which equals exactly 300 million dollars. This number aligns perfectly, fitting like a glove.
300 million dollars divided by 20% equals exactly 1.5 billion dollars in valuation. No issues there.
Now, with an additional 5% share, which is 5 billion tokens, the price is no longer 0.015 dollars but has directly increased to 0.05 dollars per token. The following image is a screenshot from the WLFI official website. From the screenshot, it can be clearly seen that the current selling price is 0.05 dollars.
From the real-time data in the image, it can also be seen that the newly released 5 billion WLFI tokens have already sold 2 billion, leaving 3 billion available for sale.
Thus, the total valuation of WLFI has skyrocketed from 1.5 billion dollars to 100 billion multiplied by 0.05 dollars, equaling 5 billion dollars.
There is no doubt that the project has received recommendations and endorsements from Trump's personal verified account. The following image is a screenshot of Trump's official Twitter account promoting WLFI on August 29, 2024.
On the WLFI official website, several family members, including Trump himself, are listed as members of the project team.
Some may wonder, what is the use of such a non-transferable, non-tradable, and thus non-speculative token? Why would anyone buy it?
Have you ever heard of a term called:
Token of allegiance.
All men are created equal. But some are more equal than others. This is the naked truth of how society operates.
A token of allegiance is the threshold to squeeze into that more equal circle.
Different circles have different tokens of allegiance: some are human heads. Some are bloodlines or backgrounds. The token of allegiance for the capitalist class's sickle circle is very straightforward—it's money.
By squeezing into the sickle circle, you gain four great treasures: insider information, guidance from experts, power protection, and legal immunity.
Some say that the people in that circle are discussing serious matters, doing honest work, seeking benefits for the public, and contributing to society. It's laughable. An ordinary person at the bottom, when facing difficulties, will think of ways to use connections and money to find a way out, and would naively believe that once they possess the four great treasures, human nature will become pure? If one knows the darkness of human nature and still defends the sickle circle, then that is truly a bad excuse.
So the reasoning is actually quite simple. The reason chives are poor is that they cannot squeeze into the sickle circle. And to squeeze into the sickle circle requires a lot of money to pay the token of allegiance. This creates a vicious cycle.
However, capitalism using money as a token of allegiance has an advantage, which is that it maintains sufficient openness. If a smart or ruthless new aristocrat appears, they can easily be absorbed and utilized.
According to cryptorank's report, the number of subscribers for the WLFI project has exceeded 34,000 individuals or qualified entities.
Note that WLFI is being sold in full compliance with U.S. securities laws. For domestic investors in the U.S., they must be qualified investors under Reg D. For international investors, it is open to all.
According to reports, Justin Sun, the founder and controller of TRON DAO (the Tron project), has spent lavishly to subscribe for 3 billion WLFI tokens, making him the largest independent investor in WLFI.
Sun subscribed in November last year, so he acquired the early cheap tokens. As mentioned above, at 0.015 dollars each, 3 billion tokens should have been an investment of 45 million dollars.
However, Sun should have enjoyed a discounted price.
According to other related reports, in November 2024, Sun invested 30 million dollars in WLFI.
This means the actual discounted price was 0.01 dollars per token. 0.01 dollars multiplied by 3 billion tokens equals exactly 30 million dollars.
0.01 dollars divided by 0.015 dollars gives a 66% discount, which is a significant reduction.
Thus, Sun was able to gain entry and naturally connect with the Trump family.
The WLFI official account also solemnly announced on November 27, 2024, that "we are very honored to welcome Sun as an advisor to WLFI."
However, Sun is not listed in the advisor list on the WLFI official website. Perhaps Sun is well-known and does not care about such superficial fame? Or is it that Sun, with his foresight, deliberately chose to remain low-key for a greater plan? We cannot know.
Of course, WLFI was not issued on the Tron chain as Sun wished, but rather on Ethereum.
The project's smart contract development leader, Octavian Lojnita, previously worked on the Dough Finance project, so according to the leaked code, it seems that the source code of that project was copied and modified.
From the subscription screenshot above, it can also be seen that the payment currencies for subscriptions are ETH, WETH, USDT, and USDC, which easily indicates that WLFI tokens are issued on Ethereum.
Therefore, this wave of Trump meme operations was quick, precise, and ruthless, with the project team selling to the chives who were frantically buying Solana for memes, and then turning around to buy Ethereum, which had been abandoned and dumped by the chives. Why? Because the fundamental base of WLFI is on Ethereum.
Once again, the sickle and the chives move towards each other, brushing past.
Once again, an unbreakable truth is validated: the secret to making money in financial markets is to go against the crowd.
Some create empty walled cities. People outside are eager to break in. Those inside take the opportunity to comfortably slip out.
After slipping out, they build another walled city. Those who just squeezed in or didn’t get in suddenly find themselves still outside the walled city.
So they turn around and squeeze into the new walled city.
Squeeze once, and the principal is harvested once.
Squeeze a few more times, and the principal is completely harvested.
As Zhuangzi said in "Nourishing Life": "My life has limits, but knowledge is limitless. To use the limited to pursue the limitless is perilous! To be knowledgeable is perilous!"
My principal is limited, while the walled city is infinite. It is too dangerous to use the limited against the infinite! Since I already know this, pursuing the walled city is even more dangerous!
Moreover, WLFI's method of opening the token of allegiance to the whole world will inevitably carve out a loophole in the U.S. political system, allowing global capital to bypass the restrictions of the U.S. Constitution and directly or indirectly influence the U.S. political agenda.
As Maxine Waters, the Democratic leader of the U.S. House Financial Services Committee and a California congresswoman, criticized: "Through his meme coin, Trump has created a way to evade national security and anti-corruption laws, allowing relevant parties to anonymously transfer funds to him and his inner circle."
References:
[1] cryptorank.io/news/feed/8f0f1-trump-and-melania-memecoins-accelerates-wlfi-
[2] x.com/realDonaldTrump/status/1829141447087648796-
[3] x.com/worldlibertyfi/status/1861470615749972169-
[4] www.coindesk.com/business/2024/09/03/inside-the-trump-crypto-project-linked-to-a-2m-defi-hack-and-former-pick-up-artist-
[5] www.chaincatcher.com/article/2163783
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