Looks like another batch of people are about to make a killing
If nothing unexpected happens, next Tuesday will see the listing of a long-awaited TGE project
This time,
#tge uses new rules, and the hype is unusually high
Brothers, are you ready?
According to the pre-market converted price from the $GRVT Whales Market, the current FDV is about $350 million. Next, as usual, I’ll break it down in plain language to see whether this project is actually worth backing.
From the fundamentals,
@grvt_io really does address industry pain points. Its pioneering One Balance balance system means that margin is no longer “dead money”—while you open positions in trading, you can seamlessly capture the full underlying automatic interest earnings of up to 11%. Combined with the “hybrid” narrative of CEX speed plus DEX assets being self-custodied, and with team backing from Goldman Sachs and Meta, the long-term foundation looks very solid.
But the most fatal black swan is also right in front of us: this time, the official side has directly increased the share of community airdrops from 20% all the way to 28%!What’s even worse is that the TGE tokens are not forcibly locked on the day of the event. Once those massive 28% tokens hit the market instantly, the ability of the secondary market to absorb them will face an extremely harsh, stress-test level of pressure.
Still, personally I don’t think it will be a “peak on opening” situation. After all, behind it is a zkSync ecosystem “aircraft carrier” level resource package. As a core flagship ecosystem expected to be built on zkSync Hyperchain, GRVT is not just an exchange—it more importantly acts at the base layer as a crucial liquidity relay and an essential data settlement node across the entire ecosystem.
If the first wave of sell-pressure from the initial turbulence can be digested by market makers, and then real trading data starts to run, then the One Balance flywheel effect will begin to show its power. Big money and long-term LPs, for the sake of capturing that 11% interest dividend, will continuously funnel funds back in from the Ethereum
$ETH mainnet, forming a natural money-absorbing black hole.
In summary, the
#grvt mechanism looks decent. But with a pre-market valuation of $350 million, in the short term it likely can’t hold up against a 28% massive airdrop that triggers a stampede. Best move is to wait until the order book stabilizes and the on-chain tokens have been washed through about enough before jumping in. My personal entry price is below $0.2.
Brothers, do you think the pre-market price of $0.35 can hold? What’s your mental “defense line” entry price? Feel free to chat with me.