$WLD At first glance, it looks like institutions are entering the market. But on closer inspection, the “flavor” is completely off.

The foundation raised $52.5 million by selling tokens, and transferred out about 217.4 million WLD on-chain. By the math, the institutions’ purchase cost was only $0.24—about 36% cheaper than the market price at the time.

Even though the tokens are locked for a year, they can’t immediately hit the market—but they’re using “discounted” chips, while retail traders are picking them up at high prices in the secondary market. Who wouldn’t feel uneasy after seeing this?

Looking at the chart again, once the news came out, it directly dumped with a surge in volume. The rebound didn’t last long before it made a new low again. They say it’s a financing positive, but the candlesticks give it no respect at all.

Old hands in this market all know this: when a project team sells tokens at a discount, no matter how nicely they package the story, it’s still selling tokens. Don’t rush to buy the dip in the short term—whoever rushes in might be the one to end up lifting the flag for the institutions first. $DEXE $BANK #夏日创作营