XPL is like the ENA back in the day, with explosive popularity.

Even XPL and ENA are both being pushed by the same group of wealth managers in the market.

Since then, a similar new coin bear market has reappeared.

This is also the reason I could liquidate my spot positions before 1011.

XPL doubled and trapped all secondary retail investors at the peak.

So after XPL, new coins have been on a downward trend because retail investors are losing money and can no longer afford to pick up new coins.

The most obvious indicator is that last month there was a few hundred U alpha, and this month 40U is considered a big deal.

This time, a new coin with high FDV that rides the wave of hype must be shorted.

It is highly likely that the same group of people will get trapped again.

However, the market is no longer the same.

Can 1.4 billion still go long and expect to see 3 billion FDV this time?

I see 700 million, and in the long run, I see 300 million.

Who still remembers this project a month after the coin is issued?