$ALT : The "Gilded" Newcomer of the Rollup Track?

Core Gameplay: Insuring Rollups

AltLayer has pulled a slick move—applying the "re-staking" mechanism from EigenLayer onto Rollups, claiming it can solve the existing security and efficiency issues of Rollups. Simply put:

VITAL: Specially monitors sequencers to prevent wrongdoing

MACH: Uses staked assets to accelerate transaction confirmation

SQUAD: Created a decentralized sequencer alliance to prevent MEV exploitation

Token Economics: A VC Feast

Private sale price is ridiculously low: 0.008/0.018, early investors have made 20 times their money

Circulating supply is only 11%: The remaining 89% is locked, future selling pressure could be comparable to an avalanche

Actual utility is questionable: Currently mainly used for deposits and voting, the ecosystem has yet to take off

The Truth Behind the Surge: Capital Games

Riding on two major trends: Restaking + Rollup, the story is quite enticing

Exchange cooperation: Major exchanges like Binance have listed it, providing ample liquidity

VC manipulation: The $2.28 billion fundraising amount is clearly inflated, with significant suspicion of market manipulation

FOMO sentiment: Retail investors rush in without thinking upon seeing "Led by Binance"

Risk Warning

The biggest potential buyer in 2024:

Technology is still at the PPT stage

Competitor EigenLayer has already locked in $15 billion

When the unlocking wave hits, the price could be halved and then halved again

Conclusion:

In the short term, you can bet on the hype, but don't take it seriously. This project falls into the type of "when it's up, it's the leader in Restaking; when it's down, it's a VC cash machine." Remember: in the crypto world, the flashier the white paper, the tighter you should hold onto your wallet!

The team still has positions!!!

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