I looked into it—there are quite a few bloggers talking about the background of @TownSquarexyz. It’s a cross-chain yield project that WLFI participated in. It originally ran on the Monad chain, and it has a strong relationship with the Monad ecosystem.

A couple of days ago, I saw the allocation didn’t move much—looks like everyone started placing bids only when it was almost over. A $1M pre-sale isn’t that much. The main reason those who moved slowly probably was that Echo’s Sonar has a much higher KYC threshold; a lot of people got stuck. On top of that, people’s attention hasn’t returned to the crypto market yet.
In this kind of market, it’s not recommended to “hold out” and lock your position. The valuation for full unlock at TGE is $200M. At the moment, it seems Aspecta pre-market is at $250M+. There’s some room for profit. For small capital participation, you can hedge according to the oversubscription ratio.