$RED Bro, have you noticed that this guy is out of sync between the scale of the ecosystem and the value of the token? He’s said to be securing more than 10 billion USD for major players like Pendle, Lido, or Ethena. Yet its market cap is only around 94M—pretty small compared to the value of the assets it’s managing. And of course, it makes sense: it has only unlocked about a bit more than 52% of the total supply, so naturally it’s putting pressure. Overall, the token has scale, but the sell-off pressure is still a key factor holding it back. It’s pretty much like: good infrastructure, but the token needs time to absorb the supply. However, this price-up trend is doing pretty well—maybe slightly slow, but still stable and okay.
$RED