Analysis: The WLFI TGE circulating supply is significantly lower than expected, with only 65.5% of the presale tokens transferred to the Lockbox contract for activation.
BlockBeats News, August 31st, according to on-chain analyst Ai (@ai_9684xtpa), currently out of the total 1 trillion WLFI token supply, only 20% explicitly unlocked at TGE are from the public sale rounds one and two, with a total of 250 billion tokens from the public sale rounds.
· Assuming all participants have transferred their tokens to Lockbox and activated them, then the TGE circulating supply would be 5 billion tokens (5% of the total supply), estimated at the current Binance contract price of $0.3858, resulting in a $1.93 billion sell-off.
· However, Tokenomist found that in the WLFI smart contract, the corresponding early presale user share is only 1.843 million tokens (with 6.57 billion tokens not included). If this situation is true, then under the same conditions, the TGE circulating supply will be reduced to 3.68 billion tokens, with approximately a $1.42 billion sell-off.
· As of eight o'clock tonight, the WLFI Lockbox contract has received a total of 16.395 billion tokens, indicating that only 65.5% of the presale tokens have been activated. Therefore, the actual TGE circulating supply will ultimately depend on the total number of tokens deposited by investors.
Based on the Binance contract price of $0.3858, WLFI's FDV is $385.8 billion, equivalent to 1.62 times LINK's FDV. DWF Labs previously invested $25 million to acquire 250 million tokens at a cost of $0.1 per token, and is also a $1 liquidity provider, making DWF Labs a liquidity provider for the WLFI token.
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