$K
It's another single-letter coin!
Today's launch is alpha
Recently, it's been quite popular
Just after opening, the price was 0.4
Let me briefly share its situation
Total token supply is 1 billion, initial circulation 11.13%
Institutional financing of 6 million, took 20% of the chips
That means a valuation of 30 million fdv, single coin cost at 0.03
For institutions, profit is already locked
After all, the price of 0.4 is indeed too high
If you want to enter, consider the institutions taking over
Plus, this coin's airdrop is relatively concentrated, some top streamers got nearly 300,000 coins.
Although the initial unlock isn't much, this concentrated selling pressure is an issue.
In the web3 live streaming platform space, basically no significant achievements have been made, and comparisons can only be made with web2, Huya's market value is 730 million USD, Douyu's is 230 million USD. Currently, K's fdv is around 400 million, one can only say that whatever comes to blockchain is tenfold.
However, this project team is very close to the Korean community and has previously held events in Seoul, so you understand, there's a chance with Korea.
In my view, this product is not worth 400 million fdv.