Each generation of versions brings forth its own legends. During the previous boom of GameFi, a project called $GMT emerged, focusing on earning through running shoes. Its fully diluted valuation (FDV) reached 20 billion USD. It launched on Binance at a price of $0.1 and peaked at $4.1, a staggering increase of over 40 times. Now, the price is only $0.037, with a market cap of just 100 million USD and a trading volume of 650,000 USD, which can be said to have completely faded from players' sight. This generation of VC versions is all about stablecoin narratives. $XPL can be considered a leading project that has emerged, although its FDV is also over 15 billion, the wealth creation effect is far less than that of $GMT. It basically counts as a VC cash-out scheme, after all, cashing out at a high valuation right at the opening is much easier than pumping a low market cap before cashing out, as the cost is lower. Can we have the next $GMT? I hope so. Wishing you good luck for a 10,000...
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