Ever since Binance tightened its listing standards, I still think projects that make it onto Alpha are worth taking a closer look.
Recently, this $TMX move has fallen quite a lot—I've seen people saying it’s a sell-off due to token unlocks?
I took a quick look at the Tokenomics and it doesn’t seem that simple.
The portion for the team, advisors, and investors makes up 46%, and it’s all under a 12-month cliff. The earliest unlock wouldn’t begin until August 2027.
What’s actually being released continuously now is mostly the ecosystem allocation—about 6.04 million tokens per month.
If we look at valuation instead, it actually gets more interesting:
Current TVL is around $90 million, while the market cap is only $18 million. MCap/TVL is just 0.20—lower than P
endle’s 0.25, even.
And the mainnet has already been running for more than a year, covering 10 chains and 1.5 million wallets. Recently, YZi Labs also participated as a strategic investment.
So right now, I’m more inclined to interpret this drop as an emotional oversell rather than simply a “sell-off from unlocks.”
Of course, a low valuation doesn’t mean it will jump right away. For now, I’ll put it on my watchlist. It’s already been listed and trading on Binance Alpha—I’m looking forward to how it performs next.
$TMX #BinanceAlpha #Web3 #Crypto #DeFi
Recently, this $TMX move has fallen quite a lot—I've seen people saying it’s a sell-off due to token unlocks?
I took a quick look at the Tokenomics and it doesn’t seem that simple.
The portion for the team, advisors, and investors makes up 46%, and it’s all under a 12-month cliff. The earliest unlock wouldn’t begin until August 2027.
What’s actually being released continuously now is mostly the ecosystem allocation—about 6.04 million tokens per month.
If we look at valuation instead, it actually gets more interesting:
Current TVL is around $90 million, while the market cap is only $18 million. MCap/TVL is just 0.20—lower than P
endle’s 0.25, even.
And the mainnet has already been running for more than a year, covering 10 chains and 1.5 million wallets. Recently, YZi Labs also participated as a strategic investment.
So right now, I’m more inclined to interpret this drop as an emotional oversell rather than simply a “sell-off from unlocks.”
Of course, a low valuation doesn’t mean it will jump right away. For now, I’ll put it on my watchlist. It’s already been listed and trading on Binance Alpha—I’m looking forward to how it performs next.
$TMX #BinanceAlpha #Web3 #Crypto #DeFi