The hustle and bustle is merely superficial; the game of IP has just begun.
In the cryptocurrency world, pump and dump often resembles a "fireworks display"—brilliant for a moment, yet fleeting in an instant.
The path chosen by IP is more about leveraging PR and trends to push emotions to the extreme: anime collaborations, girl group partnerships, and various gimmicks come one after another, seemingly a nationwide celebration, but the real token economy hides risks.
The distribution table publicly available for $IP shows that early holders and early incentives account for a significant proportion (for example, the claim that early investors and core contributors collectively receive more than 40% is similar in multiple token disclosures), and there is still a long-term unlocking plan.
Historical experience tells us: when tokens transition from "limited circulation" to "close to full circulation", the arbitrage motivation of early holders will be triggered, especially when the token price is briefly inflated by the market, the pressure to cash out will rise simultaneously.
In simple terms, this is not about value confirmation, but a game of "who can run first".
The later retail investors enter, the more likely they are to become the last buyers.
More realistically, a massive unlocking mechanism awaits to be fulfilled in the future.
Each unlocking will be yet another pressure test for the market.
The so-called "consensus" often proves to be fragile in the face of real monetary impact.
