A certain new coin pre-market plummeted, with the price dropping to the 0.0236U level, corresponding to a fully diluted valuation of approximately 788 million. One phenomenon worth pondering: with an average daily trading volume of 25.51 million, this scale isn't particularly large in the context of the entire market, but maintaining such pre-market expectations—would the manipulation costs be rather high?
On the other hand, many times you can see some insights without deeply participating in a project. Currently, there are many new AI-related projects in the crypto space, but to be honest, the grand narratives around AI and their actual connection to the cryptocurrency ecosystem are not as tight as imagined. Careful observation shows that many projects still rely on old logic, mainly using concept packaging and storytelling to attract attention. The more loudly they proclaim to be AI projects, the more suspicious they tend to seem. The market is always repeating this cycle—old wine in new bottles has never truly disappeared.
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.
10 Likes
Reward
10
6
Repost
Share
Comment
0/400
MelonField
· 6h ago
It's the same AI facade again, tired of it
---
A valuation of 7.88 billion supports this trading volume, but the more I look at it, the more I feel it's a bit suspicious
---
Basically, the storytelling skill has been upgraded again, just rephrasing the same concept
---
A small market cap with higher manipulation costs? That's an interesting logic, need to think about it carefully
---
The projects that shout the loudest about AI are often the most worth警惕, really
---
The same套路 in every cycle, I'm already immune to it
---
"New bottle, old wine" is a perfect way to describe it, the crypto圈确实就这德行
---
Looks quite grand, but there's no real生态支撑
---
There are so many projects hyping AI, how many can stand out?
View OriginalReply0
FUD_Vaccinated
· 6h ago
It's the same old trick again, just changing the AI skin to scam retail investors? Haha
---
2551 million in trading volume supports a valuation of 788 million. No matter how you look at it, it's creepy.
---
Exactly right. There are so many AI projects now that it's frightening, but only a few are actually doing real work.
---
Repackaging old wine in new bottles has indeed been the biggest scam in recent years.
---
High operating costs actually indicate that the project is虚, retail investors should have realized this long ago.
---
It's always the same. Whenever there's a new concept, someone rushes in, and then they lose everything, even their underwear.
---
The AI+crypto combo has been overused; does anyone still believe in it?
---
Deep understanding before getting involved is the key. This author knows their stuff.
View OriginalReply0
BearMarketSurvivor
· 6h ago
Is it that AI scam again? I've seen through it long ago. Just changing the shell to keep scamming.
View OriginalReply0
BearMarketLightning
· 6h ago
Another AI copycat project, damn it, it's so annoying
Yeah, low trading volume with high valuation, this manipulation space is huge
No matter how good the story is, it's useless; the underlying logic is just a reused name
AI+crypto? Wake up, brother, this joke is old
You can judge just by trading volume, no need to be too complicated; it's a Ponzi scheme, easily seen through
New bottle, old wine—this is classic; the crypto circle keeps playing the same tricks over and over
Take it for verification; it's likely just a reorganization account of some old team again
View OriginalReply0
BankruptcyArtist
· 6h ago
Is it that AI packaging again? This time the plunge is quite fierce
---
255.1 million in trading volume supports a valuation of 7.88 billion, isn't that outrageous
---
Every day AI, AI, AI, so annoying, still the same old tricks
---
The pre-market expectations are so high, how terrifying must the manipulation costs be...
---
It's obviously just repackaged old wine, wake up everyone
---
Maintaining these expectations would require pouring in a lot of money, just thinking about it makes me tired
---
The relationship between AI narratives and the crypto circle, honestly, is just bluffing
---
The more projects hype AI, the less I believe it, that's a problem
---
0.0236, still able to jump so fiercely, means I understand everything
---
Concept packaging worth 7.88 billion? This market is really incredible
---
Not participating actually makes it clearer, this is my advantage
View OriginalReply0
LiquidationWatcher
· 6h ago
Once again an AI project and storytelling—tired of hearing it.
---
Such a small trading volume still needs to maintain the market, basically a gambling game.
---
Routine operation of new coin issuance below par, the problem is there are fewer and fewer bagholders willing to buy in.
---
AI narrative combined with low liquidity—I've seen this combo too many times, it's boring.
---
At the 0.0236 level, it feels like a carefully designed psychological price point.
---
Diluted valuation of 7.88 billion but only 25 million yuan in daily trading volume? Not worth watching.
---
Exactly, now any project associated with AI just tries to boost its image—wake up, everyone.
---
High manipulation costs actually indicate that retail investors are no longer enough, which is a dangerous signal.
---
This kind of market cap looks like a carefully planned setup, a classic switch of tactics without changing the game.
---
The narrative of AI empowering blockchain should have been phased out long ago, really.
A certain new coin pre-market plummeted, with the price dropping to the 0.0236U level, corresponding to a fully diluted valuation of approximately 788 million. One phenomenon worth pondering: with an average daily trading volume of 25.51 million, this scale isn't particularly large in the context of the entire market, but maintaining such pre-market expectations—would the manipulation costs be rather high?
On the other hand, many times you can see some insights without deeply participating in a project. Currently, there are many new AI-related projects in the crypto space, but to be honest, the grand narratives around AI and their actual connection to the cryptocurrency ecosystem are not as tight as imagined. Careful observation shows that many projects still rely on old logic, mainly using concept packaging and storytelling to attract attention. The more loudly they proclaim to be AI projects, the more suspicious they tend to seem. The market is always repeating this cycle—old wine in new bottles has never truly disappeared.