$WLFI just listed on Binance, and its valuation is even higher than $AAVE which it's originated from.
But there's a catch.
The real supply float is probably closer to 6B tokens, which is merely $1.6B market cap.
It's a mispriced opportunity, and here's why:
• 10B tokens is held by treasuries like ALT5 Sigma that can’t sell easily.
• Ecosystem tokens aren’t as liquid.
If those tokens were locked in proper vesting contracts, CMC would show a much smaller circulating market cap.
And it wouldn’t scare off new investors.
Right now, CMC makes it look bloated, but in practice the float is smaller.
Not trying to say if it’s a buy or sell here. But in a way the market is mispricing it, and that’s the edge. 🔑
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