Quick followup discussion to my last post, on Trump related coins in general. It shouldn’t be surprising to anyone that holders of large locked WLFI allocations would want to sell even at a large discount. The fact is that all Trump related coins suffer from the same massive existential issue. When Biden withdrew and ended the chance of another term, the Boden memecoin, which peaked around $1 billion market cap, sold off an incredible 99.9% to just $1M market cap, essentially worthless. In a similar fashion, with each passing day we approach the end of Trump’s final term, which we’re likely to see reflected as a linear decay in price with time- and WLFI doesn’t have a definitive date of unlock, or even a guarantee that this will occur before end of Trump's term. The lack of unlock date further makes it entirely impractical to hedge using perps, as it may mean the capital is unusable for potentially years, all while subject to risk of squeeze. WLFI is an interesting case because it's...
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