🚨 The $WLFI launch mess - explained 🚨 1. Launch day (Sept 1) - Community: meant to be 5%, but really 4% went live (not everyone used the lockbox). - Liquidity & marketing: 2.8% (not 1.6% like first reported). - Together = 6.8% circulating supply. - Other allocations (10% ecosystem + 7.8% Alt5 Sigma) weren’t truly circulating, they just weren’t locked in smart contracts with vesting. 2. Justin Sun’s stash - He owned 3% of the total supply. - Only 20% of his stash was unlocked at launch, the rest (80%) was still locked. - He publicly said he wouldn’t sell. 3. The weird price action - $WLFI launched at $0.20 ($1B market cap). - Billions in trading volume, tons of hype. - But price kept sliding down, even though the community wasn’t really selling. The PA looked robotic. 4. What likely happened - Exchanges may have dumped part of their 2.8%. - Justin Sun allegedly funneled $WLFI through HTX (his exchange), offering users 20% APY to deposit WLFI. - This let him dump ‘his entire stack’ while making it look like user deposits were being staked. - he was going to fill the gap in user tokens with his own stack when too many sell or withdraw. 5. The fallout - Sun got caught. Reports say he used user deposits to dump his personal tokens that were still locked for a while. - His address was frozen. - Retail realized they were exit liquidity. 👉🏽 And once again retail gets slaughtered while insiders rig the game.