#FXI I bought a little, not bad, not bad (personal record only, don’t follow)
Reasons for buying
1. The narrative is good; the model concept. FLAP introduced a truly interesting new mode.
In simple terms, if you hold this memecoin, the generated fees can be used to buy things like China ETFs, and then rewards are randomly distributed to long-term holders every 1 to 6 hours.
2. The market cap is relatively low. The new issuance topped out at 345,000, then dropped to 110,000–180,000 and moved sideways in a range. I jumped in decisively. The order/holding structure is reasonable: the top 100 account for 61.7%, the average cost is 172,000. There are a few Chinese-community whales.
3. The community is okay. There are 800+ holders, and 500+ in the community. It’s mainly retail investors and whales from the Chinese-language community who keep sharing it everywhere.
$币安人生 #跟着锦鲤学打百倍金狗 Follow Web3 Koi Diary—my purchased coin went up tenfold
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