On December 10th, a lot of accounts were deposited.

**Let's talk about yesterday's HumidiFi launch** - it tripled, and I placed half of my orders on a leading exchange. Someone asked me if I wanted to continue taking the rest?
My thought: we can wait a little longer. Now several major firms have not moved, and the market value can be suppressed, and it is not too late to take action when a compliance platform officially announces its launch, and that wave of news is often a good shipping window.

This time, HumidiFi can run out, the logic is actually quite clear - the project foundation is solid, the pre-sale price is ridiculously low, there is no routine for 100% token unlocking, and it is the first Launchpad project of a DEX platform. So I have always said that leaning more on the Solana ecosystem, that side is now Wall Street on the chain.

**Take a look at a few new projects that have popped up recently:**
- Octra: Open December 18-25, pre-sale valuation of 200 million;
- Gensyn: December 15-20, British auction model, valuation range 1 million to 1 billion;
- Rainbow: December 11-18, presale valuation of 100 million;
- FootballFun: To be launched, valuation has not yet been announced;
- Superform: Ends today, with a presale valuation of 90 million;
- Fogo: First come, first served on December 17, valued at $100 million, but the unlock mechanism is rubbish;
- HashKey: December 9-12, IPO pre-sale format.

Frankly speaking, this batch is either ridiculously inflated or the unlock terms are disgusting. If you really want to say that you can win a handful, Gensyn's auction model is still a bit interesting. At this stage, the suggested strategy is to see more and move less - if you encounter a good target, you will take a heavy position, and don't look at garbage projects.

**Bitcoin has been bullish recently. **
The Fed's interest rate cut today and the quantitative tightening shutdown have significantly loosened market liquidity, which is good for Bitcoin in the short term.

However, I personally think that these macro factors can only support a short-term rebound, and whether the long-term rise depends on whether the crypto industry can compete - has large-scale applications improved? Is there more explosive substantive support at the policy level? If these two don't keep up, then this wave will be a technical rebound at most. Summary in one sentence: Iron still needs to be hard.

**Today's Faith Recharge Moment:**
Russian President Vladimir Putin said: "No one can ban Bitcoin."

By the way, yesterday I compiled a list of 16 DeFi projects, if you are interested, you can flip through my previous posts, and those who want to talk in depth are welcome at any time.

The above is only a personal opinion and does not constitute investment advice.