49.0K @yueya_eth This $BASED move was misjudged.
It has already dropped more than 50% from its high. I underestimated the sustained selling pressure after the new token listing, and overestimated short-term support.
The market now trades not on narratives, but on circulation, sell pressure, and real buying.
Going forward I’ll listen less and tell fewer stories, focusing more on structure https://t.co/RLSC4wrOYA
49.0K @yueya_eth $BASED’s airdrop drop essentially provides a secondary opportunity.
The hardest part for a new token isn’t the drop itself, but the lingering sell pressure. The short-term sell orders from the airdrop are gradually being released, so the market may soften later.
Moreover, $BASED isn’t pure fluff. Even before token issuance it already had a product, users, trading volume, and revenue – a foundation unlike tokens that rely solely on hype.
Thus my own view is that the 0.1-0.12 range is starting to offer some value.
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9.3K @tiger_research 🧐Estimated Based FDV at TGE: $70M
Based is an all-in-one financial app offering Perp DEX ∙ Payments ∙ Prediction Market services.
🪙Valuation Method
🔸Sum-of-parts approach based on competitor valuations across each business vertical → $140.9M
🔸-50% adjustment was applied, reflecting that the project is still in an early stage and that 30-day trading volume declined by over 50% after the tokenomics disclosure.
📔Additional Reference
🔸Polymarket: FDV $100M+ (47%)
🔸Funding: $11.5M (Series A)
🔸Investors: @PanteraCapital (Lead), @cbventures ∙ @wmt_ventures ∙ @Karatage_
Details in the comment👇
9.3K @tiger_research Details👇
https://t.co/8DZd8w30NF
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6.4K @how2onchain $BASED: TOKEN BUYBACK
This wallet has started accumulating tokens, having bought back almost $400K in the last day.
There's still $300K in stablecoins on the balance for further buybacks.
Wallet:
0x738a2c8dd840831b9bb9e4103c68d98c41e20abe https://t.co/Vbflmho4U6
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