#WLFI WLFI Token may fall tonight due to a combination of various factors. Based on on-chain data and related analysis, the main reasons are as follows:

- Large-scale Token unlocking and selling pressure: The Trump family holds 22.5 billion Tokens. Although the current circulation accounts for only 25% of the total, these locked Tokens will flood the market upon unlocking, putting immense pressure on prices. The market's expectations for future selling after unlocking have led to insufficient investor confidence, prompting early selling of Tokens.
- Institutions and early capital exit: The institutions that held the market and the early capital may have made substantial profits and are slowly cashing out during the short-term rebound. For example, summary 3 mentions that there was an outflow of $139 million in the past day, and investors in the derivatives market are also deliberately closing their positions to avoid liquidation risk, indicating that market funds are continuously withdrawing.
- Governance and Trust Crisis: The WLFI project team froze Sun Yuchen's wallet on the grounds of suspected price manipulation, locking a large amount of Tokens. This incident has raised doubts in the market about the centralized governance of the project, undermining investor trust in the project. On-chain data shows that the wallet controlled by Sun Yuchen conducted large-scale on-chain transactions after the WLFI Token was launched, while the project's freezing measures contradict Sun Yuchen's explanations, further exacerbating market concerns.
- Technical vulnerability issue: A report from blockchain security company CertiK shows that its lock-up mechanism has a critical vulnerability, with multiple abnormal transfers occurring during the unlocking period, involving an amount of up to 23 million dollars. This has also affected investors' confidence in the project, prompting them to sell their Tokens.

Regarding whether the fall will continue, based on the current situation, there may be some rebound opportunities in the short term, but the mid-term risk of a fall is relatively high. In the short term, WLFI has shown signs of fatigue after the previous fall, and it cannot be ruled out that a celebrity partner may continue to support it or that the project party may release positive news, potentially pushing the price up temporarily by leveraging market enthusiasm. However, from a mid-term (1-2 months) analysis, it is highly likely that the WLFI price will fall below $0.1. The core reasons include a large amount of locked tokens set to be unlocked, which will lead to an imbalance in supply and demand, the project itself lacks actual value support, and the risk of retail investors taking over after early capital exits is highlighted.