Finally, let’s talk about Arb. The short-term over-the-counter price is expected to be around 1.3, which corresponds to FDV13B. MC is calculated as 7.15B (ranked 12th) based on 55% circulation. The actual circulation is 1.3B (airdrop selling), which means that only about 400M is needed. The price can be stabilized if the funds recognize the price of 1.3 after going online. 400M is an achievable level in the current market, so this price estimate is relatively reasonable in the short term.

From a larger perspective, if the market continues to rise, when the first wave of washout ends, there is a probability of impact to Layer 2 (top ten MC), and maintaining the first position of Layer 2 MC is a strategic success. .

From the perspective of a market maker, such a large project is more about maintaining liquidity, but does not require excessive guidance on prices.