According to the report by cryptorank, the number of subscribers for the WLFI project has exceeded 34,000 people or eligible entities.
Written by: Liu Jie Chain
Yesterday, BTC closed with a long doji, with the opening and closing prices almost equal at around $104.9k, and the low of $99.5k and high of $109.8k forming exaggerated upper and lower shadows, with a total length of $10.3k, or $10,000. Recalling the price level of BTC a few years ago, which was around $10,000, the current daily price fluctuation can reach such a level, which is truly astonishing. The doji indicates intense tug-of-war. Naturally, this is closely related to the inauguration event of President Trump.
Today, BTC has started to turn and decline, at one point dropping to $100k. It is currently still above $100k.
A few days ago, the emergence of the Trump meme coin and Melania meme coin on Saturday and Sunday has completely bewildered the crypto market, which is known for its unconventional nature. Soon, the naive people will learn an important lesson: free capitalism has no iron fist, but free capitalism has a sickle. Between being the nail under the iron fist and being the cabbage under the sickle, you have the "freedom" to choose one.
According to the current state of modified capitalism in the US, then you are the cabbage being nailed down. MAGA conservatism aims to restore the past glory of free capitalism, which is to regain the "true" freedom - the freedom of sickle harvesting, the freedom of cabbage being harvested.
People can't be taught, but events can teach people a lesson. On Saturday, the Trump meme appeared, KOLs heavily shilled, and boasted about million-dollar profits, causing the cabbage to get excited, impulsive, regretful, and FOMO. On Sunday, the cabbage charged in, the project party, the manipulators, and the KOLs all sold off, securing their profits, exchanging their grand dreams for the real gold and silver in the cabbage's pockets. On Monday, the price crashed, the cabbage stood guard at the high positions, got stuck in losses, suffocated by the dreams, and paid the bill for the grand vision.
A three-day crash course, the tuition is quite expensive.
Such decisive harvesting, such sharp sickle skills, from what "master", "quick blade" was it guided?
Grass snake, gray line, crouching tiger, hidden dragon.
On the 20th, cryptorank reported that the sales of Trump meme and Melania meme have greatly promoted the progress of the pre-sale of the project token of the WLFI (World Liberty Financial) crypto project of the Trump family.
In fact, as early as October 16, 2024, the Jiao Chain Internal Reference <"Wednesday, Soaring Upwards"> had mentioned this WLFI project. At that time, the information obtained was that WLFI is a non-transferable governance token, aiming to raise $300 million with a valuation of $1.5 billion.
According to reports, on January 20, 2025, the WLFI project official posted that 20% of the token sales have been completed. To respond to the enthusiastic purchase by everyone, an additional 5% of the quota is opened for everyone to purchase!
The total supply of this WLFI token is 100 billion. The pre-sale price is $0.015.
So we can quickly calculate that 20% is 20 billion tokens, multiplied by $0.015, which is exactly $300 million. This figure matches perfectly.
$300 million divided by 20% is exactly $1.5 billion in valuation. No problem.
Now they have taken out another 5%, which is 5 billion tokens, and the price is no longer $0.015 per token, but has directly risen to $0.05 per token. The following image is a screenshot from the WLFI official website. From the screenshot, you can clearly see that the current selling price is $0.05.
From the real-time data on the image, we can also know that the 5 billion WLFI tokens that have been newly put on sale have already sold 2 billion, with 3 billion remaining.
In this way, the total valuation of WLFI has skyrocketed from $1.5 billion to 100 billion multiplied by $0.05, which is $5 billion.
There is no doubt that the project has been recommended and endorsed by Trump's personal certified account. The following image is a screenshot of Trump's Official Twitter post about WLFI on August 29, 2024.
On the WLFI official website, multiple family members of Trump, including Trump himself, are listed as members of the project team.
Perhaps some people may wonder, what's the use of a non-transferable, non-tradable token? Why would anyone buy it?
Have you ever heard of the term "initiation fee"?
All people are born equal. But some are more equal than others. This is the naked truth of how society operates.
The initiation fee is the threshold to get into the more equal circle.
Different circles have different initiation fees: some require human heads, some require bloodline or background. The initiation fee for the capitalist sickle circle is very straightforward - it's money.
By getting into the sickle circle, you will gain four great treasures: insider information, guidance from the elites, power protection, and legal immunity.
Some say that in the circle, they discuss serious matters, do honest work, benefit the public, and contribute to society. Laughing to death is not worth it. An ordinary person at the bottom, when facing difficulties, will try to use connections and money to find a way out. Is it really naive to think that once they have the four great treasures, their human nature will become pure?
If you know human nature is dark, but still defend the sickle circle, then you are truly a bad land cleaner.
So the logic is simple. The reason why the cabbage is poor is that they can't squeeze into the sickle circle. And to squeeze into the sickle circle, you need a lot of money as the initiation fee. This is a vicious cycle.
However, capitalism using money as the initiation fee has an advantage, which is to maintain sufficient openness. If there are new talented or ruthless nobles, they can be easily absorbed and utilized.
According to the cryptorank report, the number of subscribers for the WLFI project has exceeded 34,000 people or eligible entities.
Note that WLFI is being sold in full compliance with US securities laws. For US domestic investors, they must be qualified investors that meet the Reg D standard. For international investors, the doors are wide open.
According to reports, Justin Sun, the founder and controller of the TRON DAO (the Tron project), has splashed out and subscribed to 3 billion WLFI tokens, making him the largest independent investor in WLFI.
Sun subscribed in November last year, so he got the tokens at an early and cheaper price. As mentioned above, at $0.015 per token, 3 billion tokens should be an investment of $45 million.
However, Sun should have enjoyed a discounted price.
According to other related reports, in November 2024, Sun invested $30 million in WLFI.
That means the actual discounted price was $0.01 per token. $0.01 multiplied by 3 billion tokens is exactly $30 million.
$0.01 divided by $0.015 is a 66% discount, a very substantial discount.
Sun has thus been able to enter the inner circle and naturally connect with the Trump family.
The WLFI official account also solemnly announced on November 27, 2024 that "We are honored to welcome Sun as an advisor to WLFI".
However, Sun's name is not listed on the WLFI website's advisor list. Perhaps Sun is well-known and doesn't care about such empty titles? Or Sun has far-sighted vision and deliberately keeps a low profile for a bigger plan? We may never know.
Of course, WLFI has not been issued on the Tron chain as Mr. Sun wished, but has been issued on Ethereum.
The project's smart contract development lead, Octavian Lojnita, previously worked on the Dough Finance project, so based on the leaked code, it seems to be a copy of that project's source code with modifications.[4]
From the subscription screenshot above, we can also see that the subscription payment currencies used are ETH, WETH, USDT, USDC, which can easily deduce that the WLFI token is issued on Ethereum.
Therefore, this wave of Trump meme's fast, accurate and ruthless operation, the project side unloaded to the crazy-buying Solana-driven meme-chasing retail investors, and then turned around to buy the Ethereum that was abandoned and crashed by the retail investors. Why? Because WLFI's basic platform is on Ethereum.
Once again, the sickle and the retail investors are going in opposite directions, passing by each other.
Once again, an unbreakable truth has been verified: the secret to making money in the financial market is to go against the crowd.
Some people create virtual castles. The people outside are desperate to get in. The people inside take the opportunity to comfortably cash out.
After cashing out, they create another castle. Those who just got in or didn't get in find themselves still outside the castle.
So they turn around and rush into the new castle.
Rush in once, the principal is harvested once.
Rush in a few times, the principal is completely harvested.
As Zhuangzi's "Nurturing the Vital Principle" says: "My life has an end, but my knowledge has no end. To use the limited to pursue the unlimited, this is perilous! And for one who knows this to still seek knowledge, this is perilous indeed!"
My principal is limited, but the castle is unlimited. To use the limited to pursue the unlimited, this is too dangerous! Since I already know this, to still pursue the castle, that is even more dangerous!
And WLFI's approach of opening up to the world to solicit investment, will inevitably open a ventilation hole in the American political system, allowing global capital to bypass the restrictions of the US Constitution and directly or indirectly influence the US political agenda.
As Maxine Waters, the Democratic leader of the House Financial Services Committee, criticized: "Through his meme coin, Trump has created a way to evade national security and anti-corruption laws, allowing related parties to anonymously transfer funds to him and his inner circle."[5]
