I saw this report and another article from Bloomberg Bloomberg's report is very detailed, original text: https://www. (bloomberg.com)/news/articles/2026-05-01/trump-family-crypto-project-quietly-sold-as-holders-got-stuck Now there are several core issues to summarize: 1. Private issuance of 5.9 billion tokens without informing early investors This operation is called "diluting shareholder equity" in traditional finance, and it is already not honorable in the crypto circle, let alone the presidential family project. http://Tokenomist.ai It was only through comparing governance documents that the abnormal increase in token quantity was discovered, and the project party did not disclose it at all. 2. 75% of the profits belong to Trump affiliated entities DT Marks DEFI LLC takes 75% of the token sales proceeds, plus hundreds of millions of dollars sold privately flowing to "founder affiliated entities" - essentially using the project as an ATM. 3. Investors are locked in and unable to exit Early investors bought for 5 cents, but now they can only sell 20%, with the remaining 80% locked up. WLFI has fallen below 6 cents, and the project has not even provided an unlocking schedule. Traditional VC investments have clear investment schedules, and this' lock you first 'approach is very opaque. 4. The conflict of interest cannot be clearly explained Witkoff is a Middle East envoy who claims to have "spun off" WLFI, but the project has just removed the co-founder page, and even who the founder is is starting to blur. The White House claims that Trump's assets are managed by his children and there are no conflicts of interest - a statement that no one in the crypto community believes. In fact, this project is essentially a token project that utilizes political influence to monetize, and has little to do with real crypto building. 550 million yuan financing+private issuance of hundreds of millions, most of the money went into the pockets of related parties, and investors were locked in as exit liquidity. The impact on the market: Such news will make institutions and retail investors more wary of "political concept coins", which may suppress the sentiment of the entire meme/political token sector in the short term. In addition, the recent confrontation between Sun Ge and WLFI suggests that Sun Ge's lawsuit is legal, well founded, and has a high chance of winning I feel justice won't be late, wait and see @justinsuntron @HTX_Molly