As September 1 approaches, the highly anticipated World Liberty Finance Token (WLFI) is about to officially log in to the trading market. This project, linked to the Trump family, has sparked widespread discussion since its announcement, and its $40 billion valuation has shocked the market.

However, behind such an astonishing valuation, the project itself lacks substantial technological innovation and application scenarios. As of now, not even a complete white paper has been provided, which inevitably raises questions about its long-term development potential.

Nevertheless, market enthusiasm seems to remain unaffected. On the Hyperliquid platform, the futures open interest of WLFI grew by 26% within 24 hours, reaching $589 million. Long positions significantly outnumber short positions, indicating that investors have high expectations for the traffic effect that the name Trump can bring.

It is worth noting that the project team recently transferred a small amount of funds to Solana through Chainlink's CCIP test, suggesting that they may be considering a multi-chain development strategy. Choosing Solana as a potential expansion platform may be due to its relatively low transaction costs, which could attract more retail investors.

However, relying solely on celebrity effect to support such a high valuation undoubtedly carries significant risks. The Trump family's historical performance in the business sector has not been outstanding, which further increases the uncertainty of the project.

What is more concerning is that early supporters of the project can unlock 20% of the Tokens right after the launch. This could lead to a large influx of Tokens into the market, causing price fluctuations.

For ordinary investors, participating in such projects requires extra caution in the absence of substantial technical support and clear application scenarios. While market enthusiasm is certainly tempting, rational analysis and risk assessment are more important. In the blockchain and cryptocurrency field, projects that truly have long-term value are often built on a solid technical foundation and clear application prospects.