Recently, many people have been hyping the idea that dollar-cost averaging into a certain altcoin can lead to financial freedom. Honestly, this is the most outrageous claim I've heard in 2025.

Let's start with the numbers. Based on the current price, the fully diluted valuation (FDV) of this project has reached $5.73 billion. What does that mean? It means that to maintain the current coin price over the next few years, the market would need to continuously pour in nearly $4 billion. For a platform with questionable daily active user data that mainly attracts trading through token rewards, this level of fundraising capability is simply a pipe dream.

Why is the daily active user data questionable? Just look at the trading data. The platform claims that its daily trading volume often surpasses Binance and other top industry exchanges, which sounds impressive. But here’s the problem—regarding the most reliable indicator, open interest (OI), they only have a fraction compared to their competitors.

A data analysis platform once found that the reported trading volume curve of this exchange had a correlation coefficient of 1.0 with Binance's perpetual contracts trading volume curve, leading them to delist the data. The founder even publicly accused the exchange of "blatant wash trading."

That makes sense—real markets have completely different user bases, liquidity depths, and response speeds between decentralized and centralized exchanges. Their trading volume curves cannot be perfectly aligned. This high correlation itself indicates a problem.

So, don’t be fooled by those shiny numbers. In the crypto market, fake trading volume and false prosperity are always the most common tricks.