Who's Buying WLFI: Uncovering the Buyers
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Who's Buying WLFI: Uncovering the Buyers
According to Cryptorank, the number of WLFI project subscribers has exceeded 34,000 individuals or eligible entities.
Navigating Web3 tides with focused insightsBy: Liu Jiaolian
Yesterday, BTC closed with a long doji candlestick, opening and closing nearly equal at 104.9k, with a low of 99.5k and a high of 109.8k—creating exaggerated upper and lower shadows totaling 10.3k, or $10,000 in combined shadow length. Just six or seven years ago, BTC's price peak was around $10,000; now its daily volatility alone can reach such levels, truly mind-boggling. A doji signals intense struggle in the market, naturally tied closely to President Trump’s inauguration event.
Today, BTC began turning downward, briefly dipping below 100k. It currently remains slightly above the 100k mark.
A few days ago, on Saturday and Sunday, two newly emerged meme coins—Trump coin and Melania coin—left even the notoriously rebellious crypto market stunned. Soon enough, naive participants will learn an important lesson: while free-market capitalism may lack an iron fist, it certainly wields a scythe. Between being a nail under the iron fist and being韭菜 (a leek) beneath the scythe, you are "free" to choose either fate.
Under America's current form of modified capitalism, you're destined to be crucified as a leek. MAGA conservatism seeks to restore the former glory of free-market capitalism—the so-called return to “true” freedom: the freedom for scythes to harvest, and the freedom for leeks to be harvested.
You can't teach people through words; experience teaches instantly. On Saturday, Trump meme appeared, KOLs loudly promoted it, flaunting screenshots of millions in profits. Leeks got excited, impulsive, regretful, FOMO-driven. On Sunday, leeks charged in; meanwhile project teams, manipulators, and KOLs dumped their holdings, securing profits by exchanging grand visions and lofty dreams for real money from leeks’ wallets. By Monday, prices collapsed. Leeks were left stranded at high positions, trapped in losses, suffocated by dreams, paying the price for "vision."
Three days, one course—and the tuition was steep.
Such decisive harvesting, such sharp and ruthless execution—who exactly orchestrated this masterclass in speed and precision?
Follow the faintest trail, trace it back miles.
On the 20th, Cryptorank reported that sales of the Trump meme and Melania meme tokens significantly accelerated the pre-sale progress of the Trump family's cryptocurrency project WLFI (World Liberty Financial). [1]
In fact, as early as October 16, 2024, Jiaolian Insider referenced the WLFI project in its article "On Wednesday, Soaring Upward". At that time, we learned that WLFI was a non-transferable governance token aiming to raise $300 million with a $1.5 billion valuation.
Reports indicate that on January 20, 2025, the WLFI official account announced 20% of its token sale had been completed. In response to overwhelming demand, they would release an additional 5% allocation for public purchase!
The total supply of WLFI is 100 billion tokens. The initial pre-sale price was $0.015 per token.
We can quickly calculate: 20% equals 200 billion tokens, multiplied by $0.015, amounts exactly to $300 million—matching perfectly. No discrepancies.
$300 million divided by 20% gives precisely a $1.5 billion valuation. Makes sense.
Now, the newly released 5%, or 50 billion tokens, no longer cost $0.015—but have jumped directly to $0.05 each. The image below is a screenshot taken by Jiaolian from the WLFI official website, clearly showing the current price is $0.05 per token.
Real-time data visible in the image also shows that out of the newly offered 50 billion WLFI tokens, 20 billion have already been sold, leaving 30 billion still available.
This raises WLFI’s total valuation from $1.5 billion to 1 trillion × $0.05 = $5 billion.
No doubt about it: the project has received endorsement and backing via Donald Trump’s personally verified social media account. Below is a screenshot from August 29, 2024, showing Trump promoting WLFI on his official X (formerly Twitter) page. [2]
On the WLFI website, multiple members of the Trump family, including Donald Trump himself, are listed among the project team.
Some might wonder: what use is a token that cannot be transferred or traded—something you can’t speculate on? Why would anyone buy it?
Have you ever heard the term:
Blood oath.
All men are created equal—but some are more equal than others. This is the naked truth of how society operates.
A blood oath is the entry barrier into that more privileged circle.
Different circles require different oaths: some demand heads. Some demand bloodline or birthright. The capitalist elite’s scythe-wielding clique has a straightforward requirement—money, cold hard cash.
Break into the scythe-holders’ circle, and you gain access to four supreme advantages: insider information, expert guidance, power protection, and legal immunity.
Some claim these inner circles only discuss serious matters, operate honestly, serve the public good, and contribute to society. That’s laughable. When ordinary people face difficulties, they’ll go to great lengths—pulling strings, offering bribes, seeking connections. How could anyone naively believe that once equipped with these four privileges, human nature suddenly becomes pure? If someone knowingly acknowledges humanity’s darkness yet still defends the scythe-bearers, then they’re not just naive—they’re morally corrupt apologists.
The logic is simple: leeks stay poor because they can’t penetrate the scythe-holder layer. But to enter that layer, you need substantial funds to pay your blood oath. Hence, a vicious cycle.
However, using money as a blood oath does offer one advantage: openness. Should exceptionally clever or ruthlessly ambitious new elites emerge, capitalism can easily absorb them into the system and put them to work.
According to Cryptorank, over 34,000 individuals or qualified entities have participated in WLFI’s token sale.
Note: WLFI is fully compliant with U.S. securities law. For domestic U.S. investors, participation requires qualification under Regulation D as accredited investors. International investors, however, are welcome without restriction.
It was reported that Justin Sun, founder and controller of TRON DAO (the Tron project), invested heavily—subscribing to 3 billion WLFI tokens—making him the largest individual investor in WLFI.
Sun made his investment last November, meaning he bought in at the earlier, cheaper rate. Based on our previous calculation, at $0.015 per token, 3 billion tokens should amount to a $45 million investment.
However, Sun likely received a discounted price.
Other reports state that in November 2024, Sun invested $30 million into WLFI.
That implies an actual purchase price of $0.01 per token. $0.01 × 3 billion = $30 million exactly.
$0.01 ÷ $0.015 = ~66% of original price—a significant discount.
Thus, Sun gained formal entry and seamlessly connected with the Trump family.
The WLFI official account solemnly announced on November 27, 2024: "We are honored to welcome Justin Sun as an advisor to WLFI." [3]
Yet Sun does not appear on the advisors list displayed on the WLFI official website. Perhaps his reputation precedes him, making titles unnecessary? Or perhaps, with foresight and strategy, he deliberately stays hidden for greater ambitions? We cannot say for sure.
Naturally, WLFI did not launch on the Tron blockchain as Sun might have hoped, but instead chose Ethereum.
The lead developer responsible for the project’s smart contract, Octavian Lojnita, previously worked at Dough Finance. Leaked code suggests the project simply copied and modified the source code from that prior project. [4]
From the purchase interface screenshot, payment options include ETH, WETH, USDT, and USDC—clearly indicating WLFI is built on Ethereum.
Hence, this swift, precise, and brutal operation involving Trump meme coins allowed insiders to dump tokens onto retail buyers rushing into Solana-based memes, then immediately turn around and buy Ethereum—which those same retail traders were dumping. Why? Because WLFI’s foundational base lies squarely on Ethereum.
Once again, scythes and leeks move toward each other, pass by, and part ways.
Once again, an unshakable truth is reaffirmed: the key to profiting in financial markets is going against the crowd.
Someone constructs a walled city out of thin air. Those outside desperately try to get in. Meanwhile, those inside quietly slip out in comfort.
After exiting, they build another walled city. Those who just barely entered—or failed to enter—the previous one suddenly realize they're still outside.
So they turn and rush toward the new walled city.
Each time they charge in, their principal gets harvested.
Do it several times, and their capital is completely wiped out.
As Zhuangzi said in "On the Preservation of Life": "My life is limited, but knowledge is boundless. To pursue the boundless with the limited is perilous! And to continue pursuing knowledge despite knowing this—is even more perilous!"
My capital is finite, but walled cities are infinite. To pit the finite against the infinite is dangerously risky! Knowing this and still chasing after every new wall—that is even more dangerous!
Moreover, WLFI’s model of accepting global financial blood oaths will inevitably create a loophole in the U.S. political system—one that allows global capital to bypass constitutional restrictions and directly or indirectly influence American political agendas.
As Maxine Waters, Democratic ranking member of the House Committee on Financial Services and Congresswoman from California, criticized: "Through his meme coin, Trump has created a way to circumvent national security and anti-corruption laws, enabling parties to anonymously transfer funds to him and his inner circle." [5]
References:
[1] cryptorank.io/news/feed/8f0f1-trump-and-melania-memecoins-accelerates-wlfi-
[2] x.com/realDonaldTrump/status/1829141447087648796-
[3] x.com/worldlibertyfi/status/1861470615749972169-
[4] www.coindesk.com/business/2024/09/03/inside-the-trump-crypto-project-linked-to-a-2m-defi-hack-and-former-pick-up-artist-
[5] www.chaincatcher.com/article/2163783
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