I recently noticed a project called #ETH巨鲸增持 that works on EVM compatible chains.

I looked at the fundamentals: they secured $25 million in financing, with participation from institutions like Framework Ventures. The tokenomics have a total supply of 10 billion, with currently 1.5 billion in circulation. The project team has allocated a budget of $500,000 to the pool, and the opening price is set around $0.06.

Comparing the circulating market capitalization data of other projects in the same track, theoretically there is around 45 million USD of space, which translates to a price that could reach 0.24U. Of course, this is just a valuation reference, not a buy signal.

Interestingly, the market is currently declining, and these mainstream coins like $RLS $BTC are showing very conservative trends. In this environment, it has actually created a window for some new projects to make a contrast rally—after all, the sell-off has already happened, and the main players might be accumulating chips at low levels to prepare for some action. If the project team operates properly, it’s not impossible for them to get listed on mainstream exchanges in the future.

Those who are interested can research it themselves, and remember to manage your position.