$WLFI is really on fire today with the token open up happening. Open interest shot up to almost $950M in just 24 hours, now it's about $887M. Trading volume exploded by over 500% to hit $4.54B, making WLFI one of the hottest contracts currently.
WLFI Trading Frenzy Before open up Event
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Right now, WLFI is bouncing between 0.25 and 0.30. Looks like it’s passed the initial political token test. But honestly, the backing matters huge. If it’s got someone like Trump behind it, it’s more likely to hold its ground, you know?
Doesn’t matter who’s backing it, I think. They’ve got connections, sure, but we shouldn’t ignore the previous flops from the Trump tokens. Like didn’t TRUMP and MELANIA drop 70-80% from their peaks? Hard to trust they’ll come back.
Wait, how can you say that? I thought the smart contract dictates all this, including the unlocks. Can Trump really change anything about that?
Oh for sure, they’re just trying to milk the market dry. Remember the TRUMP token on SOL that ended up being a total mess? That's a red flag for newbies.
I just saw they’re planning to burn like 47 million WLFI tokens. Pre-sale buyers are already seeing a 10x return, even with the price dropping to 0.20 after launch. I just grabbed some more too hoping to ride this candybomb event and maybe score big.
Not really into WLFI, and don’t plan to be either. Just checked CoinGecko, 27B are already in circulation out of 100B total. So yeah, more than 27% has been unlocked, not just 20% as some are saying.
Seriously, it’s wild how often people get burned by these celebrity tokens. When will they learn? This is a trap.
chris.viperMember
Posts: 93 · Reputation: 213
#9May 29, 2019, 01:59 PM
For those in the presale, the open up was 20% of their allocation, right? The rest probably goes to partners or market makers. But I doubt it’s because of any smart contract trickery. All this should have been set before launch.
Do people seriously still buy these tokens? They usually get rug pulled right after launch. The only ones laughing are the pre-mined holders. If you bought in, good luck, but I want no part of it.