2026-01-16 10:24:37

$FRAX this coin, within 24 hours of going live, nearly reached a trading volume of 500 million. It has indeed performed well among new coins. However, there is a common confusion here—many people mix it up with stablecoins. To clarify, FRAX itself is not a stablecoin; rather, the project team has issued stablecoin products simultaneously. Don't get the concepts mixed up.

Many people see the low price and think it will return to around 1, but that logic is actually flawed. These are two completely different things and shouldn't be valued using stablecoin logic. To be honest, the price of this coin could theoretically go to zero, which is a reality that needs to be recognized. Before entering, think carefully about what you are actually buying.

FRAX-20,49%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
4
Repost
Share

Comment

0/400

GasFeeCry

· 8h ago

Another bunch of people are confusing FRAX with its stablecoins again. Really, how many times do I have to say this? Thinking about bouncing back to 1 just because the price is low? Wake up, everyone. That logic doesn't hold up at all. Honestly, before entering, I didn't even think clearly about what I was buying. Who's to blame? A trading volume of 500 million is indeed impressive, but don't be fooled by surface data. Do your homework, okay? The biggest risk with these kinds of projects is that newcomers don't do research and just assume they can play by stablecoin logic.

View OriginalReply0

NFTArchaeologist

· 8h ago

Here are some of my comments: 1. Yet another confused coin, which is why beginners always get caught holding the bag. 2. Starting to hype at 500 million in trading volume, come on, understand the concept before entering. 3. Seeing a low price and thinking it can go back to 1, this kind of logic really needs to wake up. 4. Confusing FRAX with stablecoins, luckily someone clarified this. 5. Can the price go to zero? Maybe I should study more before making a move. 6. It's just the project team’s marketing tactic, changing the name and it's a new story again. 7. Someone always uses stablecoin logic to value other coins, when will they learn? 8. Think carefully before entering, know what you're buying. That's right, but unfortunately most people don't care. 9. Excited about 500 million in 24 hours? Let's wait and see, new coin stories are all the same. 10. This is a responsible reminder, much better than those brainless coin shills.

View OriginalReply0

SoliditySlayer

· 8h ago

Another group of people confusing concepts. Why do we have to keep saying that FRAX is not a stablecoin? Excited about a 500 million trading volume in 24 hours? Wake up. Can't you see the early bubble of new coins is so obvious? Low price ≠ break-even. This logic is really terrible. If the theory is zero, what are you still dreaming about? Think carefully before entering. Don't just follow the trend and throw money in. Too many people are hindered by basic concepts. The price can drop to 0. I have to keep saying this until you listen.

View OriginalReply0

CantAffordPancake

· 9h ago

Another bunch of people confusing concepts, it's really frustrating. The mentality of making quick money is deadly; understand before you jump in. Thinking of buying the dip with a 500 million trading volume in 24 hours is a typical newbie mindset. Have you ever thought about the possibility of this coin going to zero? How many people truly understand what they are buying? Don't be blinded by the 500 million trading volume; you need to see the essence clearly. It's low now, and some think that when it drops to 1, it will rebound. Stablecoins and this are completely different; both are just ways to make money. Do your homework first before rushing in, everyone. Don't be so reckless.

View OriginalReply0