Indeed, shorting WLFI has taught me a lesson, I lost a lot! Although new coins can be shorted, it's still important to look at the project. For top political endorsements like Trump, it's better not to short when market sentiment is high, or you'll really be at odds with your money. Looking back at this project, I saw someone mention a large unlock on September 1st, and I mindlessly opened a short position. I hadn't done any research beforehand. (In the end, I deserved to lose.) Today, I took a quick look at the data. Although 20% of the unlock means about 3.4 billion can circulate, there are still many that haven't been claimed, and the final unlock might be less than 3.4%. Besides the confusion caused by the circulating supply, there are two points where I didn't do well enough. 1. I didn't seriously study WLFI's business. Since I wasn't involved with WLFI, I treated it as a speculative target. However, these past few days while working on USD1 at Gate, I did a deep dive. USD1 is what WLFI is working on, and Binance's acceptance of the 2 billion from the Abu Dhabi fund was also paid in USD1. This means that WLFI, without doing anything, can still generate a lot of revenue from this 2 billion shovel every year. Now USD1 is gaining momentum, and as long as USD1 takes off, WLFI will be stable. 2. I didn't benchmark WLFI's value and blindly shorted. Elon Musk's Dogecoin has a total circulation of 150 billion, now valued at 0.2. Trump's WLFI has a circulation of over 3 billion, now valued at 0.3. When I shorted, it was at 0.24, and looking back now, it was really self-destructive. Tonight, it basically connects to all exchanges, and the hype is at its peak. Regardless of how it goes live, I feel I can't operate blindly anymore. Following the community's FOMO sentiment these days has been intense, so I think it's better to wait for the sentiment to stabilize and then choose projects that can make money for a more reliable operation.