Whales Market

$WHALES | whales.market | Published Jan 15, 2024

Project: Whales Market

Website link: https://whales.market/

Token: $WHALES

Contract Address: GTH3wG3NErjwcf7VGCoXEXkgXSHvYhx5gtATeeM5JAS1

Current Price: $0.15 ($15M FDV)

Overview:

Whales Market is an OTC trading DEX for trading pre-market tokens, pre-airdrop tokens, and airdrop points.

The $JUP airdrop has been scheduled for January 31, and is expected to be Solana’s biggest airdrop ever.

The trade here is simply speculating on the idea that demand to trade JUP OTC on Whales Market will increase as we get closer to the airdrop date.

Where to buy $WHALES

$WHALES can be purchased on jup.ag

Due to low liquidity, if you plan to buy more than $500 or so, consider using the DCA function on Jupiter to spread out your buys to lessen price impact and slippage.

Notes & Disclaimer

Obviously, if this bullish market rolls over, low cap tokens like $WHALES will not fair well.

Please note that low cap tokens like $WHALES can regularly experience 50% - 75% drawdowns in price.

We’ve yet to see real demand come in for this specific product or token. This is a high risk, high reward micro-cap project and the investment is being made based on a short-term catalyst (Jupiter Airdrop). If $WHALES does not pump into the JUP airdrop, it’s not something that is ideal to baghold long-term, and may be best to cut it at a loss.