GGYY1979 -沒出息

Sun Ge's comment section is so funny I can't stop laughing hahahahahahahahahahaha$BTC $ETH
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Nansen's CEO Alex posted a message about $WLFI yesterday, further exploding the situation: Brother Sun did not sell coins to crash the market; the market crashers are someone else!

Previously, it was disclosed that the main leading institutions investing and participating in WLFI include Web3Port (100 million USD), Sun Yuchen (75 million USD), DWF (25 million investment + market making), JumpCrypto (485 million market-making tokens, accounting for 0.485% of the total).

In addition to the above institutions, there are many other institutions/platforms/small and medium investors that participated in the $WLFI market activities. This includes 300 million USD raised at a price of 0.015 (20 billion tokens) and 250 million USD raised at a price of 0.05 (5 billion tokens), all of which are subject to a 20% TGE unlock, objectively speaking, all contribute to the selling pressure at the opening.

For example, those familiar with Jump Crypto's market-making style know that at the opening, they ensure maximum profit by crashing the market through spot selling + contract shorting. And those familiar with the style of Web3Port need not mention, they only sell and do not buy.

Returning to a few days ago, rumors circulated about Brother Sun's address selling coins (which was marked by Arkham with low credibility and has now been corrected) were actually HTX exchange's hot wallet; related transfers are routine operations of market makers—when exchanges are active frequently, market makers will conduct large transfers between multiple popular exchange wallets (such as HTX, Binance) to balance liquidity and arbitrage.

Alex also mentioned that these related transfers occurred after the WLFI coin price significantly dropped, and were not the reason for the decline. The related funds (approximately 12 million USD) only accounted for a very small proportion of the total network trading volume that day, and did not constitute a substantial impact on the market price.

A more factual explanation is that large funds were transferred to Flow Desk and Jump Crypto, then flowed into several leading exchanges for selling.

Additionally, the circulating data at the opening of WLFI has been changing; how did the extra chips flow out? Through whom were they sold?

To summarize, there is quite a bit of external force conducting large-scale short selling through market-making institutions and the institutional accounts of multiple trading platforms (with such lucrative prices and liquidity, of course, they want to sell).

The final result is that during the activities between exchanges, the address used for transfers via HTX's hot wallet was mistakenly attributed to Sun Yuchen's address, leading the community to interpret it as Brother Sun crashing the market, putting the blame on him.

Trump's wlfi announced
Risk control address:

79% were controlled due to phishing attacks
18.4% were controlled due to channel appeals for theft
1.8% were marked due to high-risk exposure

There is also one case under review for suspicion of misappropriating funds from other holders

Trump family has solid evidence of misappropriating funds from others

Does anyone know who this person is in the end? Too much

🤡🤡

#WLFI A thorough investigation into Sun Yuchen has begun, and a working group has been established.

WLFI's plunge has nothing to do with Sun, it’s purely scapegoating!🤡
Even without Sun's sell-off of WLFI, this sharp drop was inevitable. It may be true that Sun dumped HTX user tokens, but that’s not the fundamental reason for the rapid drop of over 100%. Perhaps Sun anticipated the inevitability of the drop and acted first. Maybe the project team is playing dirtier than Sun, possibly having already laid out short positions before the spot listing. Otherwise, why list the contract first to drive up the price before the spot? Isn’t it just to inflate the price to cash out at a high? Why did it start to drop even before the spot was listed? Why did it plummet as soon as the spot was listed? Can one person, Sun, really cause a market worth nearly 300 billion to drop by half?
In short, all tokens related to Trump are tools for American political elites and capital puppets to harvest global investors. They have never intended to properly develop projects, raise coin prices, and profit through long-term growth, as this requires a huge cost and time investment, and Trump doesn’t have that much time to wait. TRUMP and other tokens from his family are the most typical examples.
Because the previous harvesting was too harsh, investors have lost confidence in Trump series tokens. Therefore, even if WLFI wants to develop properly, investors will no longer buy in. Consequently, the project team chose to continue the previous strategy of rapid harvesting. Previously, TRUMP tokens at least increased several times in the first two days, but WLFI, due to its collapsed reputation and a large number of pre-sale profit holders waiting to sell, chose to crash the price and cash out quickly for greater returns. This is also the fundamental reason why WLFI listed contracts before the spot and why it plummeted immediately after listing without any rebound!
In conclusion, the Trump series tokens are nearly all scams with almost no profit potential. Compared to giving away money like a meat bun to a dog, it’s better to stay away or short them with low leverage for long-term profits!
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