The THENA token with the ID $THE currently has a market value of around 17 million USD and is a liquidity protocol on the BNB chain. The circulating supply is only 55 million tokens, but the total supply is 260 million, with only 17.8% unlocked, and there are still a large number of tokens waiting to be released.
From the candlestick chart, it looks like a rollercoaster trend typical of DeFi projects.
As a native AMM on the BNB chain, its positioning in the liquidity layer is relatively clear, providing market-making services for trading pairs on the Binance Smart Chain.
However, the price is currently stuck near historical lows, clearly missing out on this market wave.
Such second-tier DeFi projects are in a particularly awkward position; they neither have the leading status of Uniswap nor are they as easily hyped as new projects. It all depends on whether the BNB chain ecosystem can help it take off.
Moreover, with such a large proportion of tokens still locked, those involved need to keep a close eye on potential selling pressure.
Investing in such tokens requires understanding that it falls into the category of "not starving to death but difficult to get rich," making it more suitable for those who are waiting for the right moment, but one should never expect it to suddenly become a dark horse.
In the crypto world, choice is greater than effort! Follow the right people, and making money will come naturally!
