this post was submitted on 18 Oct 2024
564 points (97.6% liked)

Technology

58757 readers
4324 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] EndOfLine@lemm.ee 25 points 10 hours ago (2 children)

WLFI has a current value of $0.0000000000034 USD.

That's about 3 billion WLFI for 1 penny. What a deal!

[–] JohnEdwa@sopuli.xyz 12 points 10 hours ago

According to this article, they "sold 846.63 million tokens valued at $12.7 million" on the first day, leaving "19.1 billion coins worth $287 million unsold".
At the current price, $12.7 million USD would require 65,376,030 Trillion WLFI, so to get the money back you just have to own 3.2 billion times more WLFI tokens that exist.

[–] sugar_in_your_tea@sh.itjust.works 12 points 10 hours ago (1 children)

Sounds like a penny stock, I should dump my life savings into it, right?

[–] Dozzi92@lemmy.world 4 points 8 hours ago

Hey, I made a bunch off a penny stock once time. Ignore that I've invested in penny stocks more than once.