The on-chain analysis platform Nansen's CEO Alex Svanevik carefully examined the WLFI transaction Timestamp using the AI Research Agent on September 6 and found that Justin Sun did not engage in dumping. This discovery overturned the initial assumption. The AI Research Agent initially suggested that Justin Sun may have been involved in a WLFI sell-off, but after a deeper analysis of the Timestamp evidence, a different conclusion was reached.

Svanevik further pointed out that the relevant transfers actually occurred after the significant drop in WLFI coin price, so they could not be the main cause of the price decline. Based on the trading volume share on that day, the scale of these transfers may also be unable to have a substantial impact on the market price trend.

The economic model design of the WLFI token determines that its market performance will inevitably face early unlocking pressure. The token distribution is highly concentrated, with about 83% of the tokens controlled by entities related to the Trump family and early large holders. This concentration means that the market liquidity is relatively limited in the early stages of the project, and a large number of tokens being unlocked could exert significant pressure on the price.