$ZAMA opened and immediately fell, truly giving all public offering participants a hard blow.

The public offering price was 0.05U, and now the secondary market only has 0.031U left, beautifully named early participation, but in reality, it is just standing guard from the opening, losing clearly.

In this wave, the real winners are only those who mouth-gamed NFTs.

As for Binance TGE, to be honest, it can only be considered a small profit.

The profit is less than 100 dollars, and it has to be sold very precisely,

not to mention that now Alpha is getting more and more competitive, with time, energy, and costs all ramped up, and in the end, the cost-effectiveness is getting lower and lower.

Last night, retrieving public funds was also a period of torment.

After operating for a long time, going back and forth with various authorizations, I wasted dozens of dollars in GAS for nothing.

ZAMA's current price is stuck around 0.031 USD,

if there is no new narrative or liquidity injection, relying solely on market self-repair is basically unrealistic.

Looking at it now, it seems that only going to Upbit can save the current price.

Just now, BIRD officially announced going UP, and the price almost doubled instantly.

The same market sentiment, the same funding environment, the only difference is an entry point.

If this continues, who would dare to seriously participate in public offerings?

The secondary market is getting harder to cash out, is it starting to reach for the primary market?

Is this an excessively aggressive wash trading,

or simply a liquidity collapse?

If it is a wash trade, then this method seems too cruel.

Will it rally later?

Maybe it will, but at least for now, confidence has been significantly depleted.