Analysis: Currently, only 65.5% of WLFI presale tokens have been transferred to the Lockbox contract for activation, and its TGE circulation may be significantly lower than expected

ChainCatcher news, according to on-chain analyst @ai_9684xtpa monitoring, currently out of the total supply of 100 billion WLFI tokens, only 20% is clearly unlocked at TGE from the public sale rounds one and two, with a total of 25 billion tokens sold in the public sale.

• Assuming all participants have transferred their tokens to Lockbox and activated them, the TGE circulation will be 5 billion tokens (5% of the total supply), which, based on the current Binance contract price of $0.3858, would result in a sell-off of $1.93 billion.
• However, Tokenomist found that the corresponding share of early presale users in the WLFI smart contract is only 1.843 million tokens (with 6.57 billion tokens not accounted for). If this is true, the TGE circulation under the same conditions will decrease to 3.68 billion tokens, resulting in approximately $1.42 billion in sell-off.
• As of 8 PM tonight, the WLFI Lockbox contract has received a total of 16.395 billion tokens, meaning only 65.5% of the presale tokens have been activated. Therefore, the actual TGE circulation will ultimately depend on the total number of tokens deposited by investors.

Based on the current Binance contract price of $0.3858, the FDV of WLFI is $38.58 billion, which is 1.62 times that of LINK's FDV. DWF Labs previously invested $25 million to acquire 250 million tokens at a cost of $0.1, and is also a market maker at USD1, thus DWF Labs will become the market maker for WLFI tokens.