Today's Rise and Fall Heroes List
Rank One $SENT what happened?
Today $SENT plummeted 31%, gloriously topping the decline list, big brother Lion is here to reveal the reason.
$SENT is the token of the AI project Sentient, which has been listed on Binance for a while now, always waiting for the right moment for TGE. The project has legendary founder Sandeep from Polygon involved, and it once raised 85 million USD, claiming to create an open-source version of AGI, benchmarking OpenAI, so it has always been highly valued by the public.
Moreover, it was co-led by Founders Fund (Peter Thiel), Pantera Capital, and Framework Ventures, with over 26 participants (including Arrington Capital, HashKey Capital, etc.) investing at a valuation of 1.2 billion USD.
During the pre-listing stage, SENT remained stable around 0.55, which means an FDV market cap of about 1.9 billion USD, so the VCs have made some profit.
But yesterday Binance released a wallet for the new public offering, allowing everyone to purchase SENT at the price of 0.11 with 3 BNB each. This price corresponds to a valuation of only 380M, which is simply a bargain!
Moreover, this public offering reached 2% of the total token supply, which means a massive selling pressure at a low price when it goes public, causing the pre-listing price to plummet instantly. Currently, 0.22 is far below the VC cost.
The investor group of Sentient is already in an uproar. They still have a long lock-up period, and if they lose money when it goes public, they will probably be left in ruins when the lock-up ends.
Therefore, big brother Lion suggests:
You must participate in the new public offering of Sentient, and try to fill the 3 BNB limit, it should be a sure profit.
SENT has a relatively large initial circulation, and if the secondary market wants to bet on a team that is unwilling to rebound, it is best to wait until the airdrop and public offering dump is over before considering selling.
