2025-12-28 10:20:18

Lighter's TGE will start airdrop distribution tomorrow. The project team has put effort into participant qualification review, and it is understood that they have cleared out the vast majority of fake accounts. This move is considered wise given the current market environment.

Looking back at the fundraising situation— the project raised approximately 89 million, but the pre-market FDV was set close to 3 billion. This number is seriously mismatched with the current market capacity. Although the airdrop distribution has been restrained, under such high valuation and easing expectations, selling pressure remains unavoidable.

To be honest, this combination of large-scale financing + high FDV will inevitably cause many participants to experience losses. Investors who can exit early are indeed lucky.

My personal involvement was minimal; I only participated a few times and received about 100 points. The subsequent performance will depend on how the market reacts. The core of such projects still depends on actual application implementation and market acceptance; early airdrops are just the beginning.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
7
Repost
Share

Comment

0/400

gas_fee_trauma

· 6h ago

A valuation of 3 billion with a 89 million financing, how is this game played... Tomorrow is most likely going to be a harvest scene for the newcomers.

View OriginalReply0

LiquidityWhisperer

· 11h ago

3 billion FDV approaching 90M funding... This number really can't hold up, let's start the countdown to the breakdown tomorrow --- Clearing out the wash accounts is the only bright spot, otherwise this game becomes even harder to play --- Just a freebie for over 100 points, anyway I didn't invest much, just waiting to watch the show --- This kind of high valuation listing is just for institutions and early investors to escape, retail investors can handle it themselves --- The gap between funding and FDV is getting more and more ridiculous, whoever takes over in this round will suffer heavy losses --- Real-world application? The term "Web3 project" has become a joke haha --- Raising such a high FDV is just to create space for future pressure release, too cliché

View OriginalReply0

ForkMaster

· 11h ago

Clearing fake order accounts? I've seen this trick too many times. To put it simply, the project team wants to shift the blame to the market and divert attention. Raising 89 million in financing and pushing the FDV to 3 billion, isn't this a living textbook of wealth secrets? The points from early airdrops are hardly enough to see. I need these to supplement the milk money for raising three kids. The key is whether the contract code has vulnerabilities that could be exploited in audits—that's the real betting agreement. Those who can slip away are usually seasoned white-hat hackers. The evolution of new investors starts with projects like these.

View OriginalReply0

MetaverseHobo

· 11h ago

89 million in funding against a 3 billion FDV, the price difference is truly outrageous... Tomorrow's opening will depend on who can run faster.

View OriginalReply0

DefiOldTrickster

· 11h ago

Hi, 3 billion FDV with 89 million in funding? That's like using a second-hand bicycle to pay off a mortgage—nothing adds up. Old brother has survived all these years because he knows when to flash and when to lay low. Really daring to go all in, this combo punch will definitely cause a bunch of leek farmers to wail. I'm just here watching the show with my hundred-something points. 89 million in funding directly supports a 3 billion valuation—how crazy is that? Early airdrops are just a prelude; the real test comes afterward. Cleaning up fake account transactions is a conscientious move, but with such valuation play, big players will cut the retail investors and then there will be no aftermath. This high FDV outcome was doomed from the start unless the team can really come up with something. Otherwise, it's just a pretty fireworks display—once it's over, it disperses. Such a ridiculous funding valuation, I can only wish everyone sticks it out till the end. I no longer hold high hopes; just avoiding losses is considered a win.

View OriginalReply0

SilentAlpha

· 11h ago

3 billion FDV with 89 million in funding, this math problem is a bit outrageous... The big show starts tomorrow.

View OriginalReply0

NftMetaversePainter

· 11h ago

ngl the $3B FDV on $89M raise is absolutely unhinged... that's not even the algorithmic beauty of token economics, that's just pure computational delusion masquerading as a valuation model

Reply0