Yesterday, the launch of the WLFI Token sparked heated discussions in the crypto world. Currently, its price seems to have stabilized below the $0.25 range, which aligns with the expectations of most investors. Interestingly, the structure of participating investors appears to have changed, with Crypto Veterans behaving more cautiously, while new entrants make up a larger share.

From the overall performance of the WLFI project, it carries distinct characteristics of the Trump style - high-profile, good at marketing, but its substantive value is questionable. Currently, the biggest selling point of this project is undoubtedly the brand effect of the "Trump family", which has indeed attracted a lot of attention and brought considerable paper profits to the Trump family. However, to assess the value of this Token itself, there might still be a lot of inflated expectations.

There are mainly two reasons for being skeptical about the WLFI project:

First of all, the token unlocking mechanism may pose a potential risk to the market. Currently, only 20% of the tokens are in circulation, and the price is already showing a downward trend. As the remaining 80% of the tokens are gradually released, the market may face greater selling pressure. Although the project team has proposed a plan to use transaction fees for buybacks, it remains uncertain whether this measure can effectively support market prices, as the true trading volume and profitability of the project itself are still unclear.

Secondly, the actual application scenarios of the WLFI Token are quite limited. As a so-called "governance token", its main function is limited to voting rights. However, in the absence of a complete ecosystem, application scenarios, and user base, the actual value of these voting rights is questionable.

Overall, the WLFI project, although it has gained high attention due to the Trump effect, still needs time to test its long-term development prospects and actual value. Investors should remain rational when participating and fully assess potential risks.