#PI Let’s focus again on the WLFI that will open tomorrow night at 8 PM. The current off-market price is around 0.3, with a total supply of 100 billion. The first batch sold 20 billion at a price of 0.015, and the second batch sold 5 billion at a price of 0.05. Among them, there is a US company with the code ALT5 that bought 3.75 billion at a price of 0.2. Currently, the market capitalization corresponding to the coin price is also about 0.2U. However, it is worth noting that the circulating supply at the first opening is only 3-5 billion, so many people are frantically advocating, absurdly saying that the opening should not look at the total market capitalization but at the circulating market capitalization, which is simply ridiculous.

Take an example, even if WLFI is a high-quality project, we see many high-quality projects in the DeFi sector, right? In the past, Uni, AAVE, COMP, which one didn't have a market capitalization of hundreds of billions at its peak? With the increase in circulating supply, how large is the price drop compared to the peak period? Those who have experienced it understand. The price of WLFI cannot hold up to 0.3U. Why is the project party only daring to unlock 20% of the public offering? Why does the project party want to control the total circulation at just tens of billions? It's important to know that this is a project with a total supply of 100 billion. The project party wants to use price anchoring psychology to facilitate the subsequent selling of chips. As for you saying that USD1 will challenge the status of USDC or even USDT, I just want to say let's not bet on this, because even if it's successful, the valuation will only be a few hundred billion, not much different from the current price. On the contrary, if it fails and a bear market comes, the price of WLFI will definitely drop below 0.1, or even lower. That's all I can say, try to avoid participation. If you really want to play, it can only be short-term, speculating in the short term, and of course, if you can arbitrage, that's even better.