Analyst: It is still unclear how the remaining 80% of WLFI public offering tokens will be unlocked

PANews reported on August 31st that on-chain analyst Ai Yi stated in a post that WLFI's disclosed notional amount totaled $2.26 billion. The unlocking process for the remaining 80% of tokens from the public offering remains unclear, while tokens held by partners, the team, and advisors will remain locked. Coinglass data shows that WLFI's total open interest (OI) reached $825 million, a significant increase. Binance OI accounts for over 50%, with a slightly higher number of bullish accounts. Based on the current Binance contract price of $0.3858, WLFI's FDV is estimated to be $38.58 billion, equivalent to 1.62 times the FDV of LINK. DWF Labs previously invested $25 million to acquire 250 million tokens at a cost of $0.10. DWF Labs also serves as a market maker for USD1, making its role as a market maker for WLFI tokens a foregone conclusion.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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