Post
Topic
Board Altcoin Discussion
Re: $WLFI Derivatives Jump Before Token Unlock & TGE
by
DanWalker
on 03/09/2025, 10:10:04 UTC
Also, over 20% of the token supply will be unlocked today, not 5% and with a circulating capitalization of over 6 billion. It's really not that interesting to care about at this point.
How is that even possible? Isn't it the smart contract that creates the tokens and determines when and how many get unlocked? I was sure that not even Trump could interfere in matters like that!

I do not invest in WLFI and do not intend to invest in the future so I do not know the token unlock schedule. But according to CoinGecko, the project's total supply is 100B and more than 27B are already in circulation. That means 27% of the supply has been unlocked, not 20% as I mentioned earlier.

Modifying the smart contract to increase supply or modify the token unlock schedule is quite complicated but not impossible. That will depend on the original design as well as the blockchain it is deployed on. That's why altcoins have never been reliable.