$PORT3 recently launched Binance Alpha, and you will find that the market capitalization is only around fifty million US dollars, while the trading volume has gradually increased. This combination of 'rising trading volume + low market cap' can be summed up in one word: suspicious. Other projects make a lot of noise when they go live on Alpha, but Port3 has done so quietly. However, looking closely at the on-chain data, funds have actually been slowly entering.
As for the product itself, what Port3 is doing is not complicated — social data integration, capturing both on-chain and off-chain data, and creating identity profiles. Don’t be fooled by its average popularity right now; once one day DeFi, GameFi, or even AI narratives pick up again, this underlying data service will immediately become a 'hot commodity'.
Moreover, now that the points mechanism in the Alpha section is in place, trading earns points, inviting others earns points, and even holding positions can yield some benefits. This is clearly a window for a price surge. Liquidity + sentiment + points bonuses; if hype suddenly arises one day, who can stop it?
In summary: it’s hard to say if it’s a dark horse, but at this point, it is certainly a position of 'if you don’t like it, don’t short it; if you do like it, then lay low'.
