The trading volume of futures contracts before going online skyrocketed by 134%, like riding a rocket; that number jumps more thrilling than K lines during cryptocurrency trading. In just one day, the transaction volume surged to 1.7 billion dollars, and this is no small amount, equivalent to bundling several small to medium-sized crypto projects' market caps together and throwing them in without stopping. The heat is so intense that it wouldn't be an exaggeration to say it has blown through the ceiling of the crypto circle.
What’s even more jaw-dropping is that Trump himself holds 15.75 billion tokens, which at the current market price could be worth a whopping 6 billion dollars! This move is no mere play on cryptocurrency; it’s as if he treats the crypto circle as his own backyard, casually scattering wealth.
If you ask why WLFI has become so popular, the logic behind it is crystal clear - the regulatory certainty brought by political endorsement is something more precious than gold in today's crypto circle. Just think about it, the SEC is monitoring the crypto industry more closely than an eagle, frequently wielding a big stick; how many projects have been left in disarray because they couldn't grasp the pulse of regulations, either being overwhelmed or shutting down completely? And WLFI? Being tied to a former U.S. presidential family is akin to donning a 'golden armor' that no one else can even hope to attain.
Investors are well aware; what they are betting on is this solid relationship, which may allow WLFI to not only weather the regulatory storm that might come but also possibly enjoy some special treatment because of this identity. After all, in the crypto circle, what you fear most is the word 'compliance', and Trump's endorsement acts like a reassurance for investors.
But when you think about it, there's an indescribable irony. Since the day cryptocurrency was born, it has been shouting the slogan of 'decentralization' to break the shackles of traditional power. Yet now, it has gone crazy because of political power's endorsement, becoming a new toy in the game between capital and power.
But the market is so realistic and straightforward; when technological innovation temporarily hits a bottleneck and lacks new breakthroughs, capital and power suddenly transform into the new rule-makers. Whether WLFI can laugh last is still uncertain, but it has forcefully opened a gap, showing everyone the terrifying power of political celebrity tokens.
In the days to come, a wave of similar projects is likely to emerge since who wouldn't want to hitch a ride on this political bandwagon to share a piece of the pie in the crypto circle? By then, there might be a 'Political Celebrity Show' in the crypto circle, where various big shots will want to get in on the action.
Moreover, have you noticed that the future price trend of WLFI is no longer just a simple reflection of market sentiment? It resembles a 'barometer' of the political winds and regulatory games in the United States. Today it might soar due to a statement from Trump, while tomorrow it may plummet because of a small move from the SEC.
If this project succeeds, then political capital will find a way to continuously monetize in the crypto world, and the future crypto circle will likely be even more lively; if it fails, it might just pour cold water on the eager newcomers.
So, we must grab our little stools and watch closely this WLFI drama. After all, it might be quietly rewriting the game rules of the crypto circle.
