$WET Today new coin, why go long, why optimistic.
Let's take a look.
The main data is too impressive.
Compared to other new coins that are unclear, this coin's core is just one word: fierce.
Directly launched as the leader, with monthly trading volume crushing Meteora, firmly sitting as the number one on the Sol chain DEX, ranked third across the entire chain, just lower than these old guys Uni and Cake. It has already captured 40% of Sol chain's spot trading share, easily surpassing 1 billion dollars daily.
Not to say that it can compare to Uni, but the goal is already quite good.
Token fundamentals:
Total supply 1 billion pieces
Circulating market cap 19 million dollars, FDV close to 200 million dollars
Initial circulation 10% (all from public offerings)
The public offering round had no institutions, just a quota of 5.57 million dollars, divided among 8003 accounts, cost $0.05 (white/staking) and $0.069 (public)
Distribution:
Team + laboratory + foundation + ecological incentives occupy a total of 65% (but initial circulation only releases 3%), public offering 10% fully circulating. The chips look scattered, but there are definitely a lot of insiders.
No airdrops or anything, and the selling pressure is low.
So now Sol is also at the bottom. The outlook for future increases is not a problem.
Note for Doug's bullishness, the most, most, most important point: this kind of coin is very likely to be listed on Binance spot and Korean exchanges in the future.
