$FUN 70 times of glory, followed by 4 years of silence, suddenly erupted!
FUN is an old coin that existed in the last bull market, peaking at nearly 70 times in April 2021, then falling for 1435 days, hitting bottom in March 2025 with a decline of 97%.
It is a decentralized gaming platform based on Ethereum's GameFi, with daily activities running on the Arbitrum chain, currently ranked 195th in market capitalization. The total issuance is 10.97 billion tokens, with no possibility of new issuance, and the circulating supply is nearly fully released, essentially in a deflationary state. Additionally, 20% of each game revenue will be repurchased and destroyed, which is an important reason for the recent surge.
Gaming and entertainment is a high-frequency scenario, users spend money readily, and this area has great potential in Web3, but not all gaming coins can explode like FUN—many GameFi projects may run away or delist in the first half of 2024 due to funding or technical issues, leading to significant losses for investors.
The three key questions in investing: which coin to choose? When to buy? When to sell? Even if one knows there are 100 GameFi projects, it’s hard to pick potential stocks without research, and diversifying might hit a dark horse but with limited returns. More crucially, 'what to buy' is just the beginning; the core is when to enter and exit, position sizing, and risk control. For example, some have said early on, 'the FUN model is good and has market potential,' but it fell to new lows for four years in the meantime—would you dare to buy and hold?
Without a personal trading system, one can only panic during bull and bear transitions. Many now say the bull market is over, and indeed some coins peaked by the end of 2023, but there are also sudden eruptions like FUN. The problem is, it's hard to tell which have peaked and which have not started; one might end up holding coins with no potential and miss the opportunity to take off.
Finally, regarding FUN's current situation: it has risen to the key resistance level of the last bull market (around $0.02), the 3-day moving average shows increased risk of a pullback, so don’t chase the highs; now is not a good time to enter.
