Zama opened with a direct performance of "I'm done pretending, let's get real."
Is this really market protection? It's simply precise point demolition. Honestly, the more complicated those flashy new listing rules are, the deeper the pit might be dug. Before the project team unloads before the market opens, and ICO users are collectively buried, isn't this script something we've seen in Space? In a market with scarce liquidity, this trick is simply a "repeater."
But! The neighboring $XPL has shown a completely different "big shot posture." 🚀
Many people can't understand the logic behind XPL's first day surge to a valuation of 2 billion dollars, thinking it's a bubble. But if you examine it closely:
• Capital situation: Behind it stands Founders Fund (Peter Thiel's top venture capital), Bitfinex, and Paolo Ardoino. This configuration is not meant for short-term profit, but to build a financial foundation.
• Clear strategy: Even before the network opened, it locked in 2 billion dollars of stablecoin liquidity. It's like everyone is still talking about dreams while it has already moved the treasury to the doorstep.
• Market resilience: With only 18% initial circulation, it remains stable in the top 50 by market cap despite selling pressure. This indicates that large funds have no intention of "catching falling knives," but are instead anchoring value.
💡 Core thought:
When a coin is defined by the market as "infrastructure" rather than "shady altcoin," its valuation logic changes. Don't measure XPL with the perspective of an ordinary new coin, because its finish line might just be someone else's starting line.
So, in this new listing, were you buried, or did you understand XPL's "pattern"? Share your thoughts in the comments! 👇
