01, Friends complain that projects like omni, alt, etc., opened and fell, continuously dropping. Trash VC coins. But they are all in hot public chain tracks.
How about we take a look at the currently impressive SOL, and how it performed when it launched back in the day. According to the launch on August 10, 2020, it opened at $3.3 with a total supply of 591 million, an FDV of around $2 billion, and even with just 10% circulating at that time, the MC was $200 million. Don't forget, this was in 2020. Then after some consolidation, we all know how the story went.
SOL is backed by JUMP investment, which I don't need to introduce. The aforementioned SUI APT SEI TIA OMNI W ALT are all invested by JUMP as well. The investment lineup is very luxurious, all belong to public chains, and represent a long-lasting speculative narrative in the crypto market. SUI raised over $300 million. The others are basically in the tens of millions to over a billion in funding, at least there’s money to pump the price.
02, Let’s take a look at the top five exchanges globally. Binance, OKEx, Coinbase, Upbit, Bithumb (KRW) as shown, basically many projects including well-known MEME projects have aimed for these major exchanges. These seven projects: SUI APT SEI TIA OMNI W ALT are either all listed or at least four of them are listed. This shows strength.
03, Price pumping situation.
Basically after landing on major exchanges, after some consolidation, during the trend from August to November, there was a price increase, especially with SUI showing the most stretch. Isn’t this a money-making opportunity? So, can we expect attention in the upcoming main upward wave cycle? Everyone is financially strong, rich beyond measure.
Finally, JUMP, a market maker ranked 6th in the global forex market, in crypto, JUMP's market maker status is equivalent to Binance's status in exchanges. By the way, besides SOL, there’s also INJ, which you guys know about right? This year it reached a historical new high, also backed by JUMP investment. In 2022, INJ raised $40 million, led by JUMP Crypto.
So is it worth paying attention to? What do you guys think? The backgrounds, origins, resources, and trading of these seven can be considered top-level in the market. Especially SUI has already started to gain momentum. Let’s wait and see.