Looking back, the cash-out path for the BONK project team has actually been clear for a long time. Between mid to late July last year, they had already completed the majority of their fund exit — by equity financing and acquiring a struggling beverage company, thereby conservatively cashing out approximately 40 million USD.

The community had high hopes for WLFI, but later on, they constantly criticized certain core figures for their negative actions. Many people are curious about one question: why does WLFI insist on supporting BONK? The answer is actually simple — they need to acquire new users, and compared to mature operational products, investing in a nascent platform that is just starting out and relatively easier to guide is obviously more attractive.

Now, the chain of events is gradually coming to light. Looking at the series of actions taken by WLFI and USD1 over the past two months, one can basically understand the true picture of this ecosystem: the core party completes traffic aggregation through ecosystem support, then gradually achieves commercial goals. This operational model is not an exception in on-chain projects.