Recently, a discussion has erupted in the crypto assets community regarding the WLFI Token. This project, which is related to the Trump family, announced an eye-catching destruction plan, claiming to destroy 47 million tokens. However, upon deeper analysis, it appears that this seemingly grand plan may just be superficial.

In fact, the tokens that have been destroyed only account for 0.05% of the total, which is equivalent to discarding five cents out of a thousand. More concerning is that the project team still holds up to 20 billion tokens in reserves. The so-called "community voting" process has also been questioned for lacking true democratic nature.

The market performance of WLFI has been poor since its launch, with prices rapidly falling by 25%. At the same time, the circulation volume surged 5 times, raising concerns in the market about whether retail investors' interests are being harmed. The project's profit distribution model also shows a clear inequality, with Trump-related companies monopolizing 75% of the sales revenue.

It is worth noting that the stock price of Alt5, associated with WLFI, also experienced a simultaneous plunge, with a decline of up to 50%. This chain reaction further deepened the market's doubts about the stability of the project.

The challenges faced by the WLFI project are not limited to market performance. Due to Trump's political background, regulatory agencies are paying close attention to the project, and the US Congress has initiated related investigations. In addition, the stablecoin USD1 ecosystem that the project relies on is relatively weak, making it difficult to compete with mainstream Crypto Assets.

There have been speculations about insider trading in the market. Analysts have pointed out that the timing of large fund operations by the well-known crypto figure Sun Yuchen highly coincides with the movements of WLFI, raising doubts about the possibility of insider manipulation.

Although the project party proposed a "transaction fee buyback and burn" mechanism, in the face of a huge total Token supply, this measure seems to be just a drop in the bucket. If WLFI continues to rely on individual influence rather than building a truly decentralized ecosystem, it is likely to ultimately become just another short-term speculative project.

This event has once again sparked discussions within the Crypto Assets community regarding project transparency, the level of decentralization, and regulatory issues. As the market continues to mature, investors will scrutinize projects more rigorously, demanding higher transparency and fairer benefit distribution mechanisms.