Trump's son shouts: it's time to add Ethereum, but it's kicked out that WLFI transferred 300 million dollars of assets into the exchange 'Pump and Dump'?

The Trump family project WLFI is transferring $300 million in assets while Eric Trump is advocating for ETH, raising suspicions of Arbitrage. The market is closely following the situation. WLFI, which holds a large position in ETH, LINK, and ENA and has suffered a floating loss of over $50 million, may be engaging in a typical 'advocate dump' operation. The suspected market operation mode is as follows: WLFI first transfers tokens to an exchange (preparing for liquidity), Eric Trump advocates for ETH (guiding market sentiment), investors follow suit and buy in, ETH price rises (pushing up prices), WLFI cashes out within the exchange (gradually dumping while exchange data is opaque), and the market bears the sell-off. Although WLFI officially states that these transfers are for fund management and business operations purposes only, some market insiders believe that WLFI's actions are likely not that simple. Within 6 hours, $300 million in assets were transferred. According to Spot On Chain monitoring data, WLFI still holds various assets worth $96.62 million in 9 known wallet addresses, but this is a significant drop of over 75% compared to the previous $400 million scale. Independent researcher Jason publicly questioned WLFI's explanation for the asset transfer, sarcastically writing, 'Eric Trump just advocated for Ethercoin, but then transferred all of Ethercoin out. Hmm...Sun, why don't you just post using your own account?' He further explained that Trump's WLFI plan is probably a scam. It has sold $350 million worth of tokens out of thin air and can raise $4 billion if all tokens are sold, even if it loses $1 billion, it doesn't matter. In addition, unlike traditional funds, WLFI does not need to be responsible to investors. The official website explicitly states that 'buying tokens should not be for profit purposes,' which means that investors who buy tokens cannot expect project parties to create revenue for them.

TRUMP1.44%
ETH0.11%
DEFI7.11%
ENA3.69%
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