『400 Million FDV's 'Eastern Coinbase' - Is it a Golden Pit or a Zero Trap?』

Hong Kong Compliance King HSK dropped to $0.4 (FDV 400 million), employees rely on it for salaries! Wanxiang's favored child + Eastern Coinbase script, odds are 10 times higher than the local dogs! But the risks are also maximal...

「Speculators: Logic Chain of Price Surge」

1️⃣ Expected Listing:

Only on Gate? Ondo listed at 0.2 on Gate → surged to $2.5

If OKX/Binance lists (high probability for OK), fomo funds will rush in

2️⃣ Compliance Windfall:

CRCL compliance skyrocketing demonstrates effect

80% market share in Hong Kong + expectations of cooperation with JD stablecoin

3️⃣ Token Economics:

Group profits 20% used for buyback and destruction (though not yet initiated)

Employees have a cost price of $0.4, limited selling pressure

📈 Target Estimation:

Short-term speculation → 2-3 times (benchmarking OSL's 7 billion HKD market value)

If listed on major exchanges → 5-10 times (FDV rush to 2-4 billion dollars)

「Investors: Five Major Death Warnings」

1️⃣ Business Decline:

Hong Kong users are poor, mainland restrictions, overseas operations are constrained

Trading volume is being beaten by OSL (only 1/8 of theirs)

2️⃣ Internal Team Struggles:

Three waves of executive turnover, suspected makeshift team

Lack of 'self-reliant idealistic tough individuals'

3️⃣ Compliance Shackles:

Hong Kong policies are as slow as a snail, no hope for loosening

Cannot compete with Binance/OK's 'wild routes'

4️⃣ Hard to Chew Stablecoin Bonuses:

JD stablecoin cooperation ≠ easy profit

USDT/USDC's dominant position is hard to shake

5️⃣ Wanxiang is not a Savior:

Favored child ≠ unlimited blood transfusion, poor performance will still be cut