$IP $BONK
Recently, there have been two new cryptocurrencies that have added to their treasury, one is BONK, which was called out for a buy opportunity early on in the plaza, and the other is IP. BONK's treasury has about 25 million in funds, while IP has even more, around 220 million.
However, IP has dropped quite significantly, which is understandable. It previously surged after being listed on UP Korean Exchange, rising sharply without any proper corrections, so it's likely that many took profits at the highs, resulting in significant turnover. Additionally, IP is currently only available for trading on one exchange, and major platforms like Binance have not listed it yet, which definitely affects its liquidity and attention. But at the moment, it still shows bullish potential.
From this situation, we can also see that it doesn't mean that just because a cryptocurrency has a consortium backing it, it will definitely be a favorable situation that one should rush into. One must also consider the actual market trends, such as whether it has risen too sharply and needs a correction, and whether the cryptocurrency itself has long-term prospects, such as application scenarios and ecosystem development. One should not blindly follow the trend based solely on a single favorable news item.
