$PARTI has been launched and is currently around 0.4U, with a fully diluted market cap of $376 million and a circulating market cap of about $90 million.

It seems that some projects have a circulating market cap of about $100 million upon launch, whereas previously it was between $300 million to $500 million. The market still has limited funds, and there have been too many recent projects, leading to significant market fragmentation.

The cryptocurrency market has always faced regulatory uncertainties, and as an emerging project, Parti may face more regulatory risks. If regulatory policies tighten, the project's development could be hindered.

Although Parti's price has risen recently, market sentiment and capital flow change rapidly, resulting in high short-term volatility risk. If there are no more substantial developments and innovations in the future, it may face a correction.

My personal advice is to wait for a pullback before entering for short-term trading.