Tonight, the Crypto Assets market will welcome a highly anticipated "king-level project" — Wlfi. Its debut comes with built-in traffic and controversy, as every piece of data from valuation to chip structure stirs the nerves of investors, making one wonder: is this a big pump in the making, or is it destined to be a fleeting bubble fest?

Looking solely at the valuation, Wlfi is enough to be "eye-catching". Some time ago, its FDV (Fully Diluted Valuation) peaked at 55 billion USD, and even at the current contract price of 0.33 USD, the FDV is still close to 33 billion. What does this number mean? It is equivalent to the total valuation of several well-known projects like Litecoin, UNI, ENA, ONDO, etc. It's worth noting that these projects are either well-established coins that have been deeply rooted in the industry for many years or relatively new stars that are currently very popular. Wlfi has such a valuation even before officially trading, which inevitably raises curiosity about its "king" title.

Looking at the token distribution, there are deeper insights to explore. The total supply of Wlfi is 100 billion coins, and the Trump family has taken 22.5 billion coins. This news undoubtedly adds more topics of discussion to the project. Additionally, Sun's entry is also noteworthy, as he exchanged 30 million USD for 2 billion coins, which means his private placement cost is only 0.015 USD. Moreover, the entry prices for other early investors were also mostly in the ranges of 0.05 USD, 0.1 USD, and 0.2 USD, which makes the early chips look like a "floor price" compared to the current contract price of 0.33 USD.

Today Wlfi will officially launch on the Ethereum mainnet to start trading. However, it is worth noting that currently 80% of the tokens are still locked, and the subsequent unlocking pace will depend on the community voting results. At the same time, the share of the startup is also locked and cannot circulate. This means that the actual circulating number of tokens in the early stage is relatively limited, which may help to alleviate selling pressure to some extent.

However, the market's concerns are not unfounded. It is estimated that after the market opens tonight, Wlfi may face a selling pressure of up to 8.984 billion dollars. Behind such a massive selling pressure lies both the impulse of early low-cost chips to realize profits and the market's hesitation and doubts about the project's real value. After all, valuation can be built on expectations, but what truly supports the price is the project's actual implementation capability and long-term development potential.

Is Wlfi truly a "king project" that can withstand selling pressure and continue to soar, or will it become a "doomed project" that falls under massive selling pressure? The answer may be hidden in tonight's trading, and even more so in the judgment and choices of every investor. For ordinary investors, when faced with such an uncertain project, maintaining rationality and controlling risk may be more important than blindly chasing so-called "wealth opportunities".​ #Gate 新上线 WLFI# #九月份加密市场能否突破# #今日你看涨还是看跌？#