Analysis: The WLFI TGE circulating supply is significantly lower than expected, with only 65.5% of the presale tokens transferred to the Lockbox contract for activation.
BlockBeats News, August 31st, according to on-chain analyst Ai (@ai_9684xtpa), currently out of the total 1 trillion WLFI token supply, only 20% explicitly unlocked at TGE are from the public sale rounds one and two, with a total of 250 billion tokens from the public sale rounds.
· Assuming all participants have transferred their tokens to Lockbox and activated them, then the TGE circulating supply would be 5 billion tokens (5% of the total supply), estimated at the current Binance contract price of $0.3858, resulting in a $1.93 billion sell-off.
· However, Tokenomist found that in the WLFI smart contract, the corresponding early presale user share is only 1.843 million tokens (with 6.57 billion tokens not included). If this situation is true, then under the same conditions, the TGE circulating supply will be reduced to 3.68 billion tokens, with approximately a $1.42 billion sell-off.
· As of eight o'clock tonight, the WLFI Lockbox contract has received a total of 16.395 billion tokens, indicating that only 65.5% of the presale tokens have been activated. Therefore, the actual TGE circulating supply will ultimately depend on the total number of tokens deposited by investors.
Based on the Binance contract price of $0.3858, WLFI's FDV is $385.8 billion, equivalent to 1.62 times LINK's FDV. DWF Labs previously invested $25 million to acquire 250 million tokens at a cost of $0.1 per token, and is also a $1 liquidity provider, making DWF Labs a liquidity provider for the WLFI token.
You may also like
Do you want to buy CRCL?
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
