New Project Pre-Review | 2026.07.03: Which New Coins Are Worth the Wait Today, and Which to Avoid

Today's new project pre-review is not about chasing the opening, but about assessing whether the new projects have value for secondary pricing and further deep exploration. The two worth focusing on today are: Squid (QUID) and Extended (EXT).

Squid is closer to the type that "already has a product and real usage before issuing tokens." It focuses on cross-chain routing, allowing users to perform swaps, transfers, and bridging across different chains. The leading projects in this space can be seen in cross-chain and interoperability protocols like LayerZero, Wormhole, and Across. Squid's advantage is that it has been operating for years, with public data showing cumulative transaction volumes in the tens of billions of dollars, covering many chains and integrations—not just a whitepaper.

The key point to watch for QUID this time is the public sale price of $0.045, corresponding to a $45 million FDV, with a total supply of 1 billion tokens. The public sale offers 50 million tokens, accounting for 5% of the total, fully unlocked at TGE. This price is not unreasonable, but you shouldn't jump in just because the FDV seems low. The cross-chain routing track is highly competitive, and whether the token can capture real value from transaction volume, fees, staking, governance, and ecosystem access remains to be seen after TGE.

My approach to QUID is: worth waiting for, but not chasing the first wave of listing. The full unlock of the public sale will lead to short-term churn. Although early investors and the team have lock-up periods, the market will first need to absorb the public sale tokens, market-making depth, and real demand after TGE. A more comfortable observation point is when the first wave of hype subsides after listing—whether trading volume can stabilize and whether the price returns to a more accessible level.

Extended is another project worth following today. It is a perpetual contract trading platform on Starknet, with a team that has a background in former Revolut crypto operations. Its latest funding round was led by eToro, with Jump Crypto participating. Its main competitors in this track are Hyperliquid, dYdX, and GMX. Extended's advantage is that its product is already live, supporting unified margin, crypto assets, and traditional asset contracts. Public data shows it has accumulated significant trading volume. The problem is that the perpetual DEX track is too crowded, and trading volume may also include noise from high leverage and incentive points.

EXT currently seems more like a "key candidate, but not yet a buy price." The Q3 TGE is expected, but tokenomics, initial circulation, unlock schedules, market-making, and listing FDV are not fully clarified yet. At this stage, the biggest risk is that the product is good but the TGE valuation is too high, causing retail users to catch the first wave of liquidity at the peak.

Today, the projects with high hype but not worth chasing are the numerous small coins, memes, low-information projects, and stock derivative tokens that just appeared on the new coin list. They may have active short-term trading, but they don't meet the core criteria for new project pre-review: product, team, funding, tokenomics, unlocks, and real users—at least several aspects must be clearly explainable.

Today's conclusion:

QUID can be waited on, suitable for transferring to candidate in-depth research, focusing on TGE price, market-making depth, and public sale token churn.

EXT is also worth waiting for, suitable for transferring to candidate in-depth research, focusing on whether it will disclose complete tokenomics and fee capture before the Q3 TGE.

Other new coin list small coins should be observed first, not chased. Projects with unclear information, only hype, and no clear product or token utility should not be assigned a buy price.

Risk Disclaimer: The above content is only personal project research and market observation, and does not constitute investment advice. New coins are highly volatile, and the opening phase is especially prone to rapid pumps and dumps. You must use light positions, batch entries, and strict risk control.