$WLFI Exposed: A High-Risk Scam Behind a False Halo—Staying Away Is the Only Choice

In the crypto market, investors are often attracted by celebrity effects and flashy packaging. However, the case of $WLFI once again reminds us: such projects are often not wealth opportunities, but wealth traps.

1. Major Risks Within the Team

$WLFI claims to have 9 co-founders, but in reality, most of them are merely “spokespersons” from powerful families, lacking genuine technical and operational backgrounds.

The Trump family is nothing more than a marketing gimmick and is not actually involved in the project’s operations.

The two core operators, Chase Herro and Zak Folkman, have highly controversial backgrounds: involvement in fraud, DeFi hacks, “get-rich-quick courses”—almost synonymous with venture risk.

Team disclosures show: the Trump family bears no legal responsibility and is not liable for any potential losses.

In other words, the “celebrity endorsements” seen by investors are actually just promotional tactics to cover up risks.

2. Extremely Concentrated Token Distribution

The $WLFI token model is more like a “wealth harvesting machine”:

6 wallets hold 40% of the supply, and the top 10 wallets control over 60%.

Only 25% was in circulation at launch, but due to excessive concentration, it was dumped frantically in the early stages.

There is no real utility; the so-called “governance token” is just for show, and the official team even reserves the right to revoke governance rights.

This means that any so-called “community governance” is a scam, with real control firmly in the hands of a few.

3. The Suspicious Logic of the USD1 Stablecoin

The USD1 stablecoin under WLFI appears to have a scale as high as 2.7 billions USD, but the data reveals serious issues:

93% of trading volume is concentrated on Binance, with almost no real user adoption.

There is insufficient market demand, and most of it is just institutional funds being parked privately.

Even the logo looks as if it was “drawn by a 7-year-old,” exposing the project’s grassroots operational level.

This is less of a stablecoin and more of a “fund pool” serving internal capital shuffling.

4. Project Essence: Scam 2.0

Looking back at the collapse pattern of $TRUMP, $WLFI is clearly an upgraded version of the same script:

Highly centralized token distribution.

Fake packaging of celebrity effects.

Extremely opaque capital flows.

Lack of any innovation or real application scenarios.

The final result will only be insiders cashing out repeatedly, with ordinary investors left as the last bag holders.

Conclusion

All signs of $WLFI point to one conclusion: this is a wealth-harvesting scheme designed for a select few.

The Trump family is just a marketing front and bears no legal responsibility; tokens are highly concentrated, governance mechanisms are a sham; the stablecoin lacks real demand and is propped up solely by institutions. It looks glamorous on the surface but is riddled with risks underneath.

For ordinary investors, staying away from $WLFI is the only right choice. There are countless opportunities in the crypto market, but some projects are traps by nature—you shouldn’t be the “exit liquidity” in someone else’s wealth game.