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Recently, several new listing projects on Kaito Kickstarter have performed poorly after TGE, with many experiencing significant drops below their initial prices.
Play AI participated in the IPO with a valuation of $50 million, but its FDV has dropped to only $2.1 million; Hana Network was initially funded at a $40 million valuation, now its FDV is only $10.5 million; Novastro, which was valued at $50 million, has plummeted to an FDV of just $1.05 million, a staggering decline; Bitdealer, with a valuation of $35 million, now has an FDV of only $2.8 million.
From the data, these projects have experienced over 90% shrinkage from their high valuations in the primary market to their actual FDV in the secondary market. This reflects a market re-evaluation of project quality and a more cautious attitude among investors towards new listing projects. The frequent occurrence of TGE breakouts serves as a reminder for participants to assess project fundamentals more rationally rather than blindly follow trends.
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90%缩水? Laughs, is this still called investing? Purely cutting leeks
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Talking about rationally evaluating fundamentals, but at the end of the day, it's just information asymmetry
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Novastro dropped from 50 million to 1.05 million? How much can they cut? Haha
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Talking about getting rich quick from IPOs every day, but it goes to zero as soon as it launches... I mean, how can you still believe these?
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The primary market is hyped up like crazy, but the secondary market is just slap in the face
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My friend bought the Play AI project, and now he's probably crying in the corner
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This wave of Kaito is really good, professionally cutting new investors
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Cautious attitude? Should have said it early, what's the use of saying it now
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I just want to know who still dares to take these positions?