$WAL

This is not investment advice, just a few thoughts. Be cautious when opening positions and observe more, act less.

Some thoughts on WAL

1. Relying on Sui, but choosing cautiously

WAL is backed by the Sui ecosystem, but the team did not choose to go live on Binance at the first opportunity. After all, no one wants their token to face a massive shorting as soon as it launches, leading to a crash in spot prices, which could further drag down Sui. This decision shows the team's profound understanding of market dynamics.

2. Market rally and funding strategy

Driving the market up requires a large amount of capital, while shorting only needs to trigger panic. The ultimate goal remains to cash out at a high point. WAL has already successfully rallied through Korean exchanges in the early stages, and now, leveraging the hype of going on Binance, further speculation is possible. This approach can achieve a significant market effect with relatively low capital costs. Moreover, if not handled well now, don't expect to go live on an exchange, as it will only lead to early certification of being rubbish and subsequent sell-off.

3. Not going to Binance reduces sell-off risk

Before going live on Binance, the spot market is less likely to be subject to high-position sell-off arbitrage; thus, WAL still possesses stability in the short term.

4. The key moment comes after going live on Binance

The actual capital recovery phase for WAL will occur after going live on Binance. Typically, the launch represents a price peak. Referring to the cases of TUT and TST, the operators often choose to short at this moment: selling spot at a high point while simultaneously opening short positions, causing market panic. The real decline may only begin at the moment of launch.