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WLFI derivatives open interest once approached 1 billion USD, and even though it has now fallen back to 887 million USD, the enthusiasm remains high. At the beginning of July, nearly 99% of the community voted in favor of the token unlock, highlighting a strong consensus. This WLFI unlock not only provides an exit window for early investors but also brings more uncertainty to future governance.

The initial circulation of WLFI is 24.6 billion tokens, which presents a significant potential bearish factor, and the pressure on the secondary market price is evident. Although there are some positive signals, these bullish factors may struggle to fully offset the enormous selling pressure in the short term. An initial circulation of 24.6 billion tokens means that there will be a massive amount of tokens available for trading in the market at the project's launch. If early investors or the project team choose to cash out upon unlocking, the tremendous selling pressure could lead to a rapid price decline, creating a so-called "death spiral." Even if the token price does not fall, such a high circulation volume implies that the project's total market capitalization will be very high. This will dilute the value of each token, making its future growth potential relatively limited.

High open interest in contracts is often interpreted as the market being optimistic about its volatility or potential upside, with traders actively establishing long or short positions. This reflects the market's enthusiasm, but it does not guarantee that prices will rise. If there are more long positions, it could push prices up; however, if short positions dominate, it could exacerbate declines. Community voting in favor of unlocking indicates that the community has confidence in the project's future and is willing to take on the risks associated with unlocking. This strong community consensus is key to the project's long-term success. Whether this enthusiasm and consensus can truly "support" prices remains to be seen. Enthusiasm can attract new buyers, but if the buying power cannot match the selling power of early holders, prices will still be under pressure.

If the market can absorb this selling pressure and the project can leverage this enthusiasm to attract more funds and users, then WLFI may experience a healthy growth period. Conversely, the price may undergo a significant drop until it reaches a more reasonable price level that can attract new buyers.

If WLFI can successfully combine the narratives of Trump's support background and stablecoin strategy, it is very likely to become an important part of the "American crypto ecosystem." Trump, as a highly influential political figure, could attract his large supporter base into the crypto market with any public endorsement, which would bring WLFI a unique user base and capital flow. Under a pro-crypto political narrative, WLFI could be promoted as an anti-establishment, people-supported crypto asset. This powerful narrative can endow it with value that transcends the technology itself, attracting those who wish to express their political stance through investment.

Stablecoins are the most critical bridge between the crypto world and the traditional financial world. If WLFI can successfully implement its stablecoin strategy, it is not just another token, but rather an infrastructure that can provide stable value storage and a medium of exchange. In the context of the US, a compliant stablecoin strategy would make it easier to gain the trust of mainstream institutions and regulators. This can open the doors for WLFI to traditional financial services such as institutional lending, payments, and settlements.

WLFI's "Trump support background" and "stablecoin strategy" are its unique competitive advantages. It moves cryptocurrency from mere technological innovation to the stage of geopolitics and macroeconomics. If the project team can properly address regulatory and political risks and successfully transform these narratives into practical applications and value, WLFI is likely to become a force in the "American crypto ecosystem" that cannot be ignored.