The total supply of Sahara AI tokens is 10 billion, with only 5.77% circulating on the market. It has been listed on all top exchanges at once, including Korean exchanges, with a public offering cost of $0.06 (6 billion FDV), which is just over twice that. The price is $0.15, with a 14 billion FDV. Many might consider shorting upon seeing this.
However, this popular project is different from small projects with a market cap of only a few million that are mindlessly shorted. The chip structure determines that it is easier to control the market. Regardless of whether the project is good or bad, the chip structure must be considered first. It is not just because the market cap seems high that one should short it; in fact, many coins with a particularly good reputation experience significant selling pressure due to the large amount given by the community.
From a fundamental perspective, no project in the crypto space is worth a high market cap, but funds can inflate the market cap.
According to sources, the reason for the sharp decline of ZKJ and KOGE on June 14 was not due to the KOGE project team selling off. Instead, it was because a senior member of the KOGE project team posted a thought-provoking tweet (see image two) "hinting that he might sell coins." As a result, major liquidity providers withdrew their pools to avoid risks. Due to the strong correlation between ZKJ and KOGE, both coins fell together, and their decline percentages were even identical. Then on June 15, both coins faced a major crash, with declines reaching as high as 85%! A real-life case of the thief crying 'stop thief!'.
Wallets that have traded ZKJ can vote to receive airdrops!
Brothers, as mentioned before, during the period from 5.7 to 5.31, wallet addresses that have traded ZKJ on-chain will receive a panbubu SBT (soul-bound NFT) airdrop, which has now been distributed.
Many brothers do not understand and believe that this thing cannot be traded and is useless. At that time, I responded to everyone that such high-profile SBT airdrops are often used as certificates for subsequent rights.
Now the rights functions are here as promised — holding the panbubu SBT allows you to participate in voting on the official website to decide whether to initiate the issuance of panbubu tokens. Everyone go vote yes. When the tokens are issued, you can receive the airdrop. 🤟 Can't wait to collect money #ZKJ #LABUBU
$MASK Chives Brothers, do you know why it can't be opened up domestically? Is this thing being traded? It's pure gambling, up and down completely controlled by people, shorting goes up crazily, and once it starts to fall, there's no lower limit! If this were allowed domestically, wouldn't there be fools jumping every day?
Alpha project has high score but low value? Fly project, investors left early, old users got no coins!
EDGEN, which scored 223 points in the previous project, gave Alpha the lowest price in history, 30U, and Fly, which scored the same, also gave 30U. (The one in the ETH game does not count, it is a gas fee issue.) It really makes the high score and low value a reality! However, through the on-chain data, it was found that an investor dumped the market in advance. The market opened at 21:00 Beijing time, and this person received 140,000 U in advance, and sold them at 0.93 two minutes before the opening. The retail investors opened at only 0.75, and only 66 U were sold in the first time. I sold it at 66 at the first time, but the price was too low, so I didn't sell it. Now it's been cut in half. I thought 60U was the lower limit, but I didn't expect it to have no bottom line!
The studio is still lacking in killing, those who complain about risk control should take a look themselves; without risk control, you wouldn't have anything either.