Recently, the price difference between ALTS and WLFI has attracted market attention. Currently, the market capitalization of WLFI corresponding to the ALTS stock price is only about 17 billion, while the implied market capitalization of the WLFI token in pre-market trading has reached 35-45 billion. There is a significant valuation gap between the two, which often indicates an arbitrage opportunity in the context of a highly correlated crypto-stock market. The price difference is obvious: the current market capitalization of WLFI corresponding to the ALTS stock price is about 17 billion, but the pre-market price of WLFI implies 35-45 billion. With strong correlation between crypto and stocks, this gap will eventually close. 1. Unique entry point for funds: Last year, the public offering of WLFI was mostly bought by the crypto community, and overseas institutions cannot buy coins directly, only through ALTS stock. 2. The project party has motivation: WLFI does not want to lose to the market capitalization record of "Trump Coin" and may first drive up the ALTS stock price to boost sentiment, then push the WLFI coin price. 3. Extremely small market: Among the 200 million new shares, WLFI and private placement institutions each hold 100 million shares, controlling over 90% of the shares, which can easily push the stock price with a little effort. 4. Buying stocks is more cost-effective: The pre-market price of WLFI is generally above $0.2, while the implied coin price of ALTS after conversion is below $0.2, making it cheaper. 5. Event catalyst: The $1.5 billion increase in issuance will be completed on August 12, and market capitalization management may start at any time. Summary: Large price difference + unique entry point + motivation to drive up prices + small-cap stock → ALTS may be the first explosion point for WLFI premium. This analysis is for reference only and does not constitute financial advice.