Isn't it worthless as long as it's not on a public chain?

$KAITO was moved, finally unblocked. The day before yesterday, I shorted at 1.97. At that time, I felt that this coin was not a public chain based on its valuation, which should have been around 200 to 300 million, yet it was valued at 600 million. Clearly oversold, and with a 30% drop that day, I thought it was likely a pump and dump, and in a moment of excitement, I shorted at a low point. Unexpectedly, I didn't pay attention and was caught in a pump... I held the position for 3 days, and even at 2.4, I didn't close the position. Up and down, I finally welcomed the moment when the whales started dumping.