Yesterday, the new project SAHARA almost simultaneously launched all the top exchanges. Despite the high popularity of the project, its price fell so rapidly after its launch. I speculate the following reasons for the decline: 1. Airdrop 🛬 Binance ALPHA has issued a total of 74.9 million tokens to users who meet the point criteria (approximately $10 million for selling) 2. Buidlpad public offering 🏆 A public offering of $8.5 million will be conducted with a $600 million FDV, and eligible users can purchase it directly at around 2.4 times the amount. (≈ $20 million sell-off) Note: The 8.5 million US dollars were given to the project party, not repurchased. 3. Project liquidity 💰 From the token allocation, it can be seen that 1.4% of the tokens are used for exchange activity and liquidity. (Actually, it's a sale of tokens worth approximately $20 million) If the total number of tokens that can be sold in the market is sold at a price of 0.15, the selling pressure amount is approximately $50 million. At the same time, with so many top exchanges listed, a $50 million buy order is definitely unstoppable, but from the perspective of the contract sector, the project team should be heavily short selling behind the scenes (personal guess) It can be seen that the current market liquidity is seriously insufficient, and the project party has no deliberate intention of increasing the market value of the project in the short term. SaharaLabsAI BinanceAlpha Buidlpad