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Sahara AI Token has a total supply of 10 billion, with only 5.77% circulating in the market. It has been listed on all top exchanges at once, including Korean exchanges, and the cost of the public sale was $0.06 (6 billion FDV), which is just over double. The price is $0.15, with a FDV of 1.4 billion. Many people might be thinking of shorting after seeing this.
However, this popular project is different from the mindless small projects with a market cap of less than 100 million. The chip structure determines that it is relatively easy to control the market. Regardless of whether the project is good or bad, the chip structure must be looked at first. It is not just because one thinks the market cap is high that one should short it. Many coins with particularly good reputations end up facing significant selling pressure because the community provides a lot.
From a fundamental perspective, no project in the crypto space is worth a high market value, but funds can inflate the market value.