#termmax @TermMax
$TMX 8/25 TGE — let’s cover a few key points first:
① The airdrop sell pressure could be significant
TermMax has been highly popular with “hair-pulling” activity in the past. The whitepaper shows 15% of tokens allocated for community airdrops, with the TGE releasing the full amount. Even if the actual distribution is discounted, there may still be a lot of sell pressure in the short term, so personally I don’t recommend going all-in on the narrative.
② Valuation isn’t cheap
Current TVL is about $90 million, yet the pre-TGE valuation is around $182 million. Market expectations are already fairly high. After the TGE, if there’s no new story to drive sentiment, short-term valuation pressure may be relatively strong.
③ Fundamentals are actually worth watching
The team has been continuously advancing product progress lately—App V2, Bug Bounty, Phase 4, and more. Their roadmap is more focused on “building fundamentals step by step,” so it’s not necessarily the kind of setup that would see a big surge immediately upon launch.
In short: short term—watch for sell pressure; mid-to-long term—watch the fundamentals.
If there’s profit around the TGE, you could consider taking some off the table first, and then decide later whether to re-enter based on TVL, revenue, and product growth.
The above is purely my personal observations—DYOR.
$TMX 8/25 TGE — let’s cover a few key points first:
① The airdrop sell pressure could be significant
TermMax has been highly popular with “hair-pulling” activity in the past. The whitepaper shows 15% of tokens allocated for community airdrops, with the TGE releasing the full amount. Even if the actual distribution is discounted, there may still be a lot of sell pressure in the short term, so personally I don’t recommend going all-in on the narrative.
② Valuation isn’t cheap
Current TVL is about $90 million, yet the pre-TGE valuation is around $182 million. Market expectations are already fairly high. After the TGE, if there’s no new story to drive sentiment, short-term valuation pressure may be relatively strong.
③ Fundamentals are actually worth watching
The team has been continuously advancing product progress lately—App V2, Bug Bounty, Phase 4, and more. Their roadmap is more focused on “building fundamentals step by step,” so it’s not necessarily the kind of setup that would see a big surge immediately upon launch.
In short: short term—watch for sell pressure; mid-to-long term—watch the fundamentals.
If there’s profit around the TGE, you could consider taking some off the table first, and then decide later whether to re-enter based on TVL, revenue, and product growth.
The above is purely my personal observations—DYOR.