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The reason why WET is worth paying attention to is simple - data speaks.
Let's look at the fundamentals first: it won the top spot on Solana DEX as soon as it was launched, ranking third in full-chain trading volume. The circulating market value is US$19 million, and the fully diluted valuation is (FDV)2 billion. The total supply is 1 billion, and the initial circulation ratio is 10%, all of which come from public offerings, without adulteration of institutional shares.
Let's look at the trading popularity: the daily trading volume often exceeds $1 billion, accounting for about 40% of spot transactions on the Solana chain. This number is not blown out, it is real on-chain data. The cost of the public offering is between $0.05 and $0.069, and there is no institutional round of intervention, and the chip distribution is relatively scattered.
Of course, the team and the ecosystem have reserved 65% of the share, and the current circulation is small, and there may be selling pressure in the early stage after the public offering part is fully circulated. However, as the basic protocol layer project of the Solana ecosystem, solid trading volume is a hard indicator.
The probability of such projects being listed on mainstream spot exchanges or entering the Korean market is not small. The market capitalization target is $100 million, which is not a big problem.
Oh my, another 10% circulation scheme. Can this one avoid rug pull?
A pile of new projects on SOL, why is this one able to get listed on mainstream exchanges?
Dispersed chips sound good, but 65% team share is the real ticking time bomb, right?
Korean market? Bro, your expectations are a bit too optimistic.
This trading volume accounts for 40%, could it be that their own people are manipulating it?
Only consider it if it is directly listed on the exchange
65% lock-up is not solved, right, then I'll wait and see first
The feeling of chips scattering and no institutions to smash the market is not bad, but I am afraid that the 65% of the ecology will pop out
Korean market? With the current momentum, you don't have to wait at all, you can go up by yourself
Don't be bluffed by the daily trading volume, it's the test after you really go on the exchange.
Another "top spot" on the SOL chain, it's a bit numb to hear too much.
It's a bit uneasy to have such high liquidity...
10% of the public offering is directly fully circulated, is the distribution of chips really so scattered?
$100 million market value? It depends on whether South Korea buys it or not.
Why is such a hot thing only picked up now?