Two things to watch today:
1. OKX's $NIGHT flash sale has started. The total allocation for the five tokens is approximately $50,000. I've seen a lot of people talking about it, so there should be quite a few participants.
2. At 10 PM, @humidifi TGE announced that the public offering opened cold last night and didn't go through, preventing both speculators and retail investors from participating. The total public offering is 10%, TGE is fully unlocked, and selling pressure is still quite high. Detailed notes are below 👇
$WET Solana AMM DEX, 10 PM TGE
Fundamentals:
- No VC funding, public offering
- Total supply: 1 billion, initial 23% = 230 million
- Pre-market price: 0.13, corresponding to FDV of 130 million, market capitalization of 29.9 million
Token Distribution:
- Binance Alpha: Estimated 1%
- Public offering 10% (average cost 0.056, TGE fully unlocked)
Whitelist: 4%, 2 million, cost 0.05
JUP stakers: 3%, 1.5 million, cost 0.05
Public offering: 3%, 2.07 million, cost 0.069
Listing Schedule:
- Binance Alpha, estimated to be around 8 or 9 PM
- 10 PM: MEXC, TGE + public offering fully unlocked
- 11 AM: Gate, Bybit
Brief Summary: A rare find without VC backing, considered relatively high-performing on Sol. Selling pressure was significant after 10 AM; it's advisable to wait for ICO pressure to ease before considering opportunities. No contracts listed yet.
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