#比特币市场动态# Back in the day when I first entered the crypto world, Bitcoin once stirred up such madness. Now seeing XPL so popular makes me reflect on the cyclical nature of the market. With Tether's backing and Peter Thiel's investment, the project certainly has strong support. However, looking closely at the Token distribution, the public sale only accounts for 10%, while institutions hold as much as 65%, which inevitably raises concerns about future sell pressure.
Looking back at the ICO boom in 2017, many projects were also wildly sought after, but only a few survived in the end. Although XP