🚨 The $WLFI launch mess - explained 🚨
1. Launch day (Sept 1)
- Community: meant to be 5%, but really 4% went live (not everyone used the lockbox).
- Liquidity & marketing: 2.8% (not 1.6% like first reported).
- Together = 6.8% circulating supply.
- Other allocations (10% ecosystem + 7.8% Alt5 Sigma) weren’t truly circulating, they just weren’t locked in smart contracts with vesting.
2. Justin Sun’s stash
- He owned 3% of the total supply.
- Only 20% of his stash was unlocked at launch, the rest (80%) was still locked.
- He publicly said he wouldn’t sell.
3. The weird price action
- $WLFI launched at $0.20 ($1B market cap).
- Billions in trading volume, tons of hype.
- But price kept sliding down, even though the community wasn’t really selling. The PA looked robotic.
4. What likely happened
- Exchanges may have dumped part of their 2.8%.
- Justin Sun allegedly funneled $WLFI through HTX (his exchange), offering users 20% APY to deposit WLFI.
- This let him dump ‘his entire stack’ while making it look like user deposits were being staked.
- he was going to fill the gap in user tokens with his own stack when too many sell or withdraw.
5. The fallout
- Sun got caught. Reports say he used user deposits to dump his personal tokens that were still locked for a while.
- His address was frozen.
- Retail realized they were exit liquidity.
👉🏽 And once again retail gets slaughtered while insiders rig the game.
1/ WTF is @verio_story?
Verio is Story's Trust engine, decentralizing IP governance @StoryProtocol. By aligning incentives, Verio leverages liquid staking and IP asset staking to curate the right IPs. High stake weight = trusted, legitimate IP. No stake weight = flagged as spam.
Binance Wallet x Bitlayer BTCFI Carnival | Week2
🔥Pell & Bedrock interactive tasks are now live on Binance Wallet! 🎉 @BinanceWallet@Pell_Network@Bedrock_DeFi
🌿Duration: 2024.12.17-2025.1.24
🧡Complete the project tasks this week to be eligible for a chance to share in a $190,000 token prize pool! 💰
(Please update your Binance app to the latest version)
⏭️Binance Wallet Entry || Binance Wallet App-Discover-Airdrop-Bitlayer
📍Reminder: Week1 tasks are still valid and can be interacted with in Binance Wallet.
#BitlayerBTCFI #BinanceWallet #BitlayerCarnival
🔸Event Entry:https://t.co/EedeECF0Bk
🔸For more: https://t.co/nI4LcvGwPQ
🔸Tutorial:https://t.co/WRd50bXa5o
We are happy to announce that thanks to your help, $TURBO has been listed on @okx! We could not have done this without the support of our community!
Thank you!
Artwork by: @sublimul_
I’ve been working on a 4k pfp collection for the $Turbo community this past week.
All toads AI generated + photoshop assisted and I’m so proud of the way these guys turned out!
Free mint for all $Turbo holders
Drops tomorrow 4:20pm EST
Our next incredible 1/1 hails from one of Web3's most powerful cults 🧙♀️
@ElfJTrul is the artist and co-founder of the @forgottenrunes - we love his mystical, pixel rendition of our hero 🪄
!MAGIC 👇 for your shot to mint #SuperPUMA
We are proud to have collaborated with several amazing Web3 artists & creators on some rare 1/1s in the upcoming #SuperPUMA collection.
From the Chimpverse to distant galaxies, we are excited to share the first 1/1 from the Pixel Placer @TimpersHD! 👾