2026-01-05 21:24:19

A governance token endorsed by a celebrity family, which dropped from $0.4 to $0.16 within three months, a 60% decline, with its market cap halving from 3.1 billion. This is the story of WLFI—a real-life drama about how a celebrity IP token can decline.

To understand the reason for the sharp decline, we need to start with the token issuance mechanism. Once the initial 20% of tokens are unlocked, early investors begin to sell off, and when will the remaining 80% be unlocked? No one can give a clear answer. What’s more concerning is that the project team’s related entities hold 22.5% of the tokens. Such a distribution of chips can’t help but make the market fearful.

The most heartbreaking part is that the promises around the USD1 stablecoin have all fallen flat. The supposed buyback and burn, the reserve asset yield support—none of these have been fulfilled. Aside from a celebrity halo, the token has no real backing.

Later, someone proposed a plan to allocate 5% of tokens for expenditure, aiming to expand the USD1 ecosystem. It sounds reasonable, but here’s the problem: using unlocked tokens to pump the ecosystem will dilute the circulating supply, and the project team has already made a fortune through private placements. Suddenly, the entire community was torn apart. Even more devastating, the project team directly froze the wallets of large holders—this step completely shattered market confidence.

In essence, this is a typical celebrity token dilemma. Its core competitiveness is just that face; it has no real application scenarios, no ecosystem support, and a natural conflict of interest where the project team is both regulator and profiteer. For investors, such an asset is essentially a ticking time bomb.

If you still hold it, consider selling in stages if it rebounds above $0.2, but more importantly, keep an eye on community voting trends. The fundamental advice is: stay far away from tokens that are solely supported by celebrity effects without real backing.

In the crypto market, abandoning genuine technology and ecosystem faith ultimately leads to a bubble.

WLFI-4,42%

USD10,03%

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TokenUnlocker

· 01-07 22:00

Another celebrity pump and dump, run after selling, this routine has been played several times Freezing wallets is really the ultimate move, it directly turns into a centralized bank Where is the promised USD1? Has it just vanished into thin air? Early investors should have been alert when the dump started, isn't this obvious? Relying on a face to support market value, sooner or later it will crash, nothing surprising about that Even a 0.2 rebound is considered optimistic, I expect it to drop to 80% off No ecological support at all, what's the difference from a scam? The project team acts as both referee and player, how is this game supposed to be played?

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GasDevourer

· 01-07 14:42

It's the same old trick again—celebrity effect + empty promises. I should have seen through it long ago. The moment the wallet was frozen, I should have run. The project team acts as both referee and player—how can you trust that? Honestly, this kind of thing keeps happening over and over in the crypto world. How are people still falling for it?

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DegenTherapist

· 01-05 21:43

Frozen wallet? Isn't this just blatantly telling everyone "I control your assets"? No wonder the project collapsed directly.

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JustHodlIt

· 01-05 21:37

This move is brilliant—directly freezing the wallets of large holders. The project team really doesn't have any regard for anyone. Another story of a celebrity coin crashing, anyone who understands the unlock mechanism should run away. Where is the promised ecosystem support? All that's left is a face, hilarious. Private investors are making full profits, the community is the bag holder, this cycle is a bit ridiculous. Stay far away; these kinds of coins are basically a trap. The project team is both an athlete and a referee, and still wants to be trusted—kind of funny, right? Freezing wallets directly declared the end; why bother investing? Once the halo fades, it's nothing—common problem with celebrity coins. Market cap evaporated by half in just three months; those who chased the high should really reflect.

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0xLostKey

· 01-05 21:37

Freezing wallets? Isn't that basically announcing the project's death? What's there to pretend anymore? --- It's another celebrity pump and empty promises. I'm already tired of this routine. --- Honestly, it's just a high-level scam to fleece investors. There's nothing to argue about. --- People who still buy in at 0.16 must be really good at gambling. --- The project team is both regulator and profiteer. That's just a joke. --- I laughed the moment I saw the wallets frozen. What more are you expecting? --- Relying on a face to support a 3.1 billion market cap—that takes a crazy market. --- No ecosystem, no applications, only reputation left. How can it not collapse? --- Don't even touch it if it rebounds to 0.2. Walking away is the smart choice. --- Why can these kinds of projects always be scammed for so long?

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