Wlfi gives retail investors a taste of what it’s like to be a VC: public sale + long vesting + sky-high FDV even before launch. But honestly, this valuation is only safe if you’re not being greedy and just want to hedge. You really need guts to hold until $1. $0.5 WLFI is basically the same as $50 Hype. Rationally, I (and probably most people) would rather buy Hype with strong revenue. Plus, projects like AAVE and ENA with higher TVL have way lower market caps. Especially AAVE—20% of Wlfi’s revenue, $3.3B TVL, and only a $5B market cap… Forget it, guys. I’m better off going long on AAVE.

Why do I say it feels like being a VC? It's because I checked the timeline around the opening. Interestingly, quite a few people, having just a small stake, consider themselves project owners... It might be more rational to stay on the sidelines.

I've seen other VCs post high valuations and low circulation before, and they were all criticized. This time, after getting the chips, they just cheered each other up. 😤 Bros, what's going on?

Well, looks like the wlfi team might be backing out on sharing protocol revenue. Can’t say it’s straight-up fake news though, since everything was public before—proposals and all that, you could find it everywhere… Take profits when you can, only what’s in your pocket is truly yours. Playing with Trump is like dancing with wolves… 😤