$NERO, focusing on the concept of "Japanese Chain", is backed by NTT Digital, a subsidiary of Japan's largest telecom company. There have also been many Japanese news reports and endorsements from Japanese KOLs. The concept is solid and unique, and collaboration with traditional Japanese enterprises gives it speculative value for the future.
In terms of market value management, it shows good control of holdings, with a very low circulating market value. Simply crashing such a market cap wouldn't make much sense; it should aim to draw lines and increase volume to gain a higher listing opportunity on exchanges. The fact that it was not immediately sold off on secondary exchanges confirms this conclusion.
Therefore, $NERO will inevitably have speculative value related to the Japanese concept and real users, and I choose to place some bets here.
Additionally, Kraken will go live within two weeks; generally, listings on this exchange are followed by listings on Coinbase and Upbit, which could be worth considering for potential gains in Korean markets.
