Thoughts on $WET : One cannot just look at surface data, one must gain insight into the dealer's playstyle.
It became the leader of the Solana ecological DEX upon launch, ranking third in on-chain transaction volume. This achievement stands out. However, without the support of airdrops, the allocation of tokens among the team and early holders is relatively dispersed, which is key.
Why launch spot and futures on top DEXs first and then go to top CEXs? The project team's rhythm is very clear—finish one round, then move to the next. First DEX, then centralized exchanges, and finally to the Korean market. Logically speaking, there is indeed a probability of a price surge later.
But now is not the time. A fivefold increase has already been realized. At this moment, retail investors and small mainstream holders must be selling—those who sell first profit, while those who sell later incur losses. From the dealer's perspective, there are no buyers or sell orders above, and there is ample liquidity below; what is the smartest choice at this time?
Shorting. Actively smashing the price down to around 0.2. Lowering the cost of the tokens held, with sufficient liquidity. Once the noise subsides and the tokens are concentrated again, then follow the upcoming news of entering a top spot market and Korean exchange to drive the price up. There will be no pressure to sell, and the market will follow suit.
This is the game rule. Therefore, at this stage, the bears are dominant, but around 0.2 may be a reversal point.
