Rank 1 $SENT what exactly happened? Today $SENT plummeted by 31%, beautifully topping the fall list.
SENT is the token of the AI project Sentient, which has been listed on Binance for a while, waiting for the right moment for TGE. The project includes legendary founder Sandeep from Polygon, and it once raised 85 million USD, claiming to create an open-source version of AGI, comparable to OpenAI, which has led to high external valuations.
Moreover, it was co-led by Founders Fund (Peter Thiel), Pantera Capital, and Framework Ventures, with over 26 participating parties (including Arrington Capital, HashKey Capital, etc.) investing at a valuation of 1.2 billion USD.
During the pre-market phase, SENT remained stable around 0.55, which means an FDV market cap of about 1.9 billion USD, and VCs seem to have made some profit.
However, yesterday Binance released a wallet for new listings, allowing everyone to participate with 3 BNB at a price of 0.11, which corresponds to a valuation of only 380M, or 380 million, an absolute bargain!
Moreover, this public offering reached 2% of the total token supply, meaning massive public low-price selling pressure upon opening, and the pre-market price quickly plummeted. Currently, 0.22 is far below the VC cost.
Investors in Sentient are already in a frenzy; they have a long lock-up period. If they lose money when the market opens, by the time it unlocks, they might as well have lost their pants.
Therefore, it is recommended: Participation in Sentient's new listing is a must, and try to fully utilize 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 sale dumping ends before considering. #加密市场观察 $SENT