Let's talk about $alt
I bought in at 8 yesterday and I'm already stuck 🤡
With the issuance of 200 million new shares at $7.50 each, after the transaction is completed, it will account for 7.5% of the total wlfi tokens, corresponding to wlfi at $0.2 with an FDV of 20 billion.
I thought about it, isn't this just wlfi pre-market trading?
Before wlfi officially issues tokens in September, if $alt doesn't perform well, most people won't want to play with wlfi either.
It's like pre-market market cap management for wlfi, where large funds can hedge wlfi, and there's a possibility of a short squeeze.
I'll wait to see the market reaction after the transaction is announced today before deciding whether to add to my position.
If I'm optimistic about $wlfi, then $alt being oversold could be a good choice.
$Ika
Total 10 billion, initial 30%
Gate public offering 2 + airdrop 6 + project party 22
Most of the airdrop also went to the market makers, and there is a lock-up mechanism
Not much is actually circulating outside
The second round of financing is valued at 250 million, 0.025, the same price as the gate public offering
The third round raised 21 million, valuation unknown
Pre-market 0.03-0.04
The core members of the Sui official and foundation have all renamed and created hype for it
Deep wal and such are all about pulling a lot at the opening
After Ika started the new issuance, Sui also started to gain strength
The first project on Sui to cooperate with WLFI
Isn't this just $b on the Sui chain?
Waiting for the opening airdrop to sell for a while before buying in
7.29 6 PM