WLFI is not a presidential election: it just collects advertising fees

Author: Observer Lao Wang; Source: C Labs Crypto Observation

In addition to widely recognized applications such as stablecoins, the essence of most cryptocurrencies is actually the monetization of influence.

From some of Trump's operations, his family has a deep understanding of this nature~

In addition to the $Trump token as an "electronic souvenir", the so-called "Presidential Strict Selection" WLFI is the long-term cash cow. The daily person in charge of this product is Trump's second son Eric:

This Eric also played a trick. After sending a tweet last night that he was optimistic about Ethereum in the long term, he liquidated Ethereum:

So is Eric admitting his loss?

Since the establishment of the "Presidential Strict Selection" position, some people have calculated that the floating loss has exceeded 15%. In fact, WLFI has never lost money.

Because these "strict selections" are essentially advertising fees.

Because as long as a big investor buys $10 million of $WLFI, then he can buy a token designated by the project party.

And the current agreement of $WLFI cannot be traded, only voting rights, which are not transferable. It can be considered as the Pixiu plate opened by Trump's family.

As for the purchase amount, the maximum is 40% of the purchase amount of $WLFI.

Therefore, the essence of the Ethereum community's crazy increase in Ethereum positions due to "Presidential Strict Selection" some time ago is that Ethereum dealers bought more $WLFI:

After this wave of clearing Ethereum, the largest position of "Presidential Strict Selection" became Sun Yuchen's TRX.

And before that, Justin Sun had announced that he had purchased $75 million of WLFI in two installments:

These two purchases are likely to have one designated TRX and one designated ETH.

After all, Justin Sun also holds a large amount of Ethereum and needs to ship it. Similar to Eric's operation this time, Sun Ge has already operated it once two months ago~

So friends in the crypto circle should gradually cultivate their own cognition, and don't trust the big V to bring goods!

Finally, a warm reminder that other tokens such as aave/link are all on the upper-level relationship route. There are many official announcements of cooperation, but basically no one uses the products that have landed.

That's all, everyone should learn from it~