Bitunix Analyst: WLFI sees massive volume on first day followed by retracement, high risk of politicized issuance; Heatmap indicates support at $0.22 and resistance at $0.28 to $0.30

BlockBeats News, September 2nd, Monday. WLFI went live and triggered a price surge, with a trading volume exceeding 1 billion U.S. dollars in one hour. After opening, the price surged to near the $0.40 region, then sharply fell back to around $0.20–$0.25 and rebounded. The WLFI liquidation heatmap shows: The $0.29–$0.32 range above is a zone of high liquidity/order density, with a secondary peak at $0.36–$0.40; while there are support signs around $0.22–$0.24 and near $0.20. The event has directly linked political and wealth narratives to market enthusiasm.

Bitunix Analyst Recommendation (Event Insights and Suggestions):

WLFI's debut exposed three major risks: 1. The extremely high concentration of holdings and unlocking schedule may result in valuation mismatches and liquidity illusions; 2. The project's strong ties to political figures may attract regulatory and legal scrutiny; 3. Short-term trading activity does not equate to sustainable fundamentals. It is recommended that regulatory entities (exchanges, regulatory bodies) demand more transparent lockup/holding disclosures and anti-money laundering reviews; investors and institutions should prioritize compliance and governance as the primary assessment criteria, focusing on exchange liquidity, contract interactions, and legal risks. Short-term market sentiment may drive up similar assets, but medium-term value depends on transparency and regulatory responses; continue to monitor regulatory statements, unlocking schedules, and on-chain fund flows.