the wallet was blocked because he committed not to sell, then justin explained that it was a mistake and he was just testing some small transactions
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Strategic Adviser
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Bearish“WLFI WLFI WLFI? Let’s find out the truth. #WLFIUPDATE 📉📉
When WLFI had its presale, the most important thing in any presale is that only a very minimal quantity of tokens is sold, and even when the coin is launched, those who bought in presale don’t get their tokens immediately.
But WLFI seems to be doing something completely different.
Right now, the reason being given for WLFI dumping is that major exchanges are selling. And you may have already heard the news that the HTX (Huobi) crypto exchange’s leader, Justin Sun’s wallet has been blocked.
Hahaha seriously?
First of all, you have no right to block anyone’s wallet, and if you’ve done that, it’s only to cause further damage to the public’s funds. Because you know that by doing this, everyone will start DCA (Dollar Cost Averaging), and then you’ll slowly start selling off the tokens.
Let’s now take a quick look at the tokenomics of WLFI:
• 100 billion total supply
• $4.34 billion market cap
• Only 20 billion in circulating supply
Hahaha, is this a joke?
Do you think by being clever like this, you can just loot the public’s money?
You released only 25% of the total supply into the market, and the remaining 75% is still locked. Once those unlock, you plan to rug pull this, don’t you?
That means if the price today is around $0.17, it could easily drop to $0.03–$0.05 in the future. And then what will you claim? That exchanges are selling again?
Or maybe when the tokens unlock, you’ll slowly start selling off, crashing the price and drowning everyone’s investment.
In my opinion, the biggest red flag is that 75% of the supply is still locked.
Secondly, it’s not acceptable to start blaming major exchanges for the price crash. If you were fair, you would have given equal presale rights to everyone and would have limited the token quantity available.
But since your intention was just to loot, none of this mattered to you back then.
If anyone needs guidance from me, just let me know in the comments.
When WLFI had its presale, the most important thing in any presale is that only a very minimal quantity of tokens is sold, and even when the coin is launched, those who bought in presale don’t get their tokens immediately.
But WLFI seems to be doing something completely different.
Right now, the reason being given for WLFI dumping is that major exchanges are selling. And you may have already heard the news that the HTX (Huobi) crypto exchange’s leader, Justin Sun’s wallet has been blocked.
Hahaha seriously?
First of all, you have no right to block anyone’s wallet, and if you’ve done that, it’s only to cause further damage to the public’s funds. Because you know that by doing this, everyone will start DCA (Dollar Cost Averaging), and then you’ll slowly start selling off the tokens.
Let’s now take a quick look at the tokenomics of WLFI:
• 100 billion total supply
• $4.34 billion market cap
• Only 20 billion in circulating supply
Hahaha, is this a joke?
Do you think by being clever like this, you can just loot the public’s money?
You released only 25% of the total supply into the market, and the remaining 75% is still locked. Once those unlock, you plan to rug pull this, don’t you?
That means if the price today is around $0.17, it could easily drop to $0.03–$0.05 in the future. And then what will you claim? That exchanges are selling again?
Or maybe when the tokens unlock, you’ll slowly start selling off, crashing the price and drowning everyone’s investment.
In my opinion, the biggest red flag is that 75% of the supply is still locked.
Secondly, it’s not acceptable to start blaming major exchanges for the price crash. If you were fair, you would have given equal presale rights to everyone and would have limited the token quantity available.
But since your intention was just to loot, none of this mattered to you back then.
If anyone needs guidance from me, just let me know in the comments.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.