>>60896696
>>60896709
>>60897433
>>60897596
Just think about it: the only $WLFI tokens that should have been in circulation was the 5B from the community, right? That’s 5% of the total supply. Add to that 1.6% of the total supply that the WLFI team gave to exchanges ‘for liquidity and marketing’. That’s 6.8% that was actually in circulation.
These 5B tokens were worth $1B at launch (launch price was $0.20). On launch day itself there was BILLIONS AND BILLIONS of dollars of volume, much hype (all this looked very good) but yet the price gradually kept going down. It looked robotic.
It made me suspicious (I posted about it). It was clear the community was actually not even selling. So it had to be the few other entities that owned a lot: exchanges and Justin Sun.
Sun owns 3% of the total supply - of which only 20% would be unlocked at launch and the remaining 80% stayed locked. But because of his little trick with HTX he potentially wanted to sell his entire 3% and tried filling the gap with ‘a small amount’ he sent there.
Also, exchanges own 1.6% of the total supply, right? They might wanted to sell this because they got it for marketing. So suddenly you have 4.8% of the total supply potentially being dumped SINCE MINUTE ONE. As much as all the rest of the tokens being in circulation.
I didn’t say it openly, but I did to some friends. I think Sun and exchanges were the ones selling from the moment WLFI went live. There’s literally no other way. I also think Sun has not been selling only since announcing the 20% APY of HTX. I think he sold from the minute WLFI became tradable and then sent some of his 20% unlocked tokens to cover up a gap of users wanting to sell or withdraw.
Sun got caught red-handed, selling tokens of HTX users to get out of his 80% unvested tokens and his address got frozen.
Once again retail gets played with, while some ‘major forces’ just run away with everything.
