James X's On Chain Observation Diary 🧙‍♂️ 11th issue 6.10 Today, many friends are discussing a rumor that Hangzhou has started to investigate blockchain practitioners. Fortunately, I am a blockchain consumer (leek), so I should not be able to find it on my head. Here is today's review of on chain projects and a brief discussion on new alpha opportunities 👇 one ️⃣ @ virtuals_io The project quality has been average recently, but IRIS will be launched tomorrow night. This project has been topped by @ virtualis_io, forwarded by @ ethereum, and rated as a Tier 1 project by @ VaderResearch. Of course, all points must be earned. The simplicity of the Virtual ecosystem lies here, good projects don't require much investigation, everything is clearly told to everyone. two ️⃣ KTA Fud incident Chain Detective @ zachxbt commented on KTA: L1s w/ token preproduct + large tax at launch for a “serious” project = pumping to insane valuation will always be funny https://(((x.com)))/zachxbt/status/1932082261303902604 He believes that this KTA product has rough technology, high transaction taxes, and high market control. This comment caused KTA to shrink by 1/3 directly. But after everyone calms down, think about it, most of the coins we play are not buying a vague and "achievable" product, at least KTA's bank is much richer than others. From my personal perspective, 'poor product' is difficult to be a reason for selling. three ️⃣ HYPE ATH I'm already at a loss for words like 'congratulations'. Is it possible for the overflow emotions of Hype to lead to the emergence of golden dogs on Hype, at least the platform coin liqd on the dog fighting platform has risen. I have found a Hype dog fighting tutorial for everyone. https://(((x.com)))/Huang2024/status/1926003580017774908 by：@Huang2024 four ️⃣ Pump's new work - verse vRseBFqTy9QLmmo5qGiwo74AVpdqqMTnxPqWoWMpump The project team has obtained 97% of the supply themselves, and the pump supports one token for the first forwarding, with a maximum of 1b (circulating market value of 30m) If we look at the circulating market value, considering pump forwarding, it's not particularly high. However, by using a 97% lock to create a 1b plate, it seems that we are indeed clearing the cognitive barrier for the valuation of our own currency 4b, and letting the market see that just the pumpfun brand can easily release 1b. Interestingly, @ Pumpbtcxyz, who was forced to give up the ticket, expressed strong dissatisfaction: 'Say NO to the Cabal 🫵' https://(((x.com)))/Pumpbtcxyz/status/1932371750366670882