The sign has depleted 100,000 USD.
I feel that this opening price is really too high,
pre-market price 0.04, basically doubled pre-market.
Domestic market, new token, 90 million market cap, way beyond expectations.
Now there are plenty of new tokens with a market cap of 30 million.
Many people think it will open like init.
But you need to know the advantages of init:
1. The founder is Korean and is the R&D director of Luna.
2. Init launched with a 23,000% annualized LP return, and now it’s at 500%, many people buy tokens to form LP, and the tokens can also receive airdrops from sub-chain projects.
3. Init had Korean KOLs promoting it at launch.
What does this sign have? Relying on Chinese KOLs? Most domestic markets are peak at opening, GPS is an example, and both Binance and OKEx have invested.