#代币空投与发放 Infinex's recent moves are worth paying attention to. The FDV was directly cut from $300 million to $99.99 million, a 66% decrease. The underlying logic is quite clear—founder Kain openly admits that the current market sentiment is extremely poor, and high-valuation ICOs tend to trigger negative reactions.

Looking at some data points: the Sonar round was scaled down from $15 million to $5 million, with the token supply share remaining at 5%, along with a one-year lock-up period. This lock-up period is interesting; it’s explicitly designed to filter out TGE arbitrageurs, indicating the project team’s consideration of the token holder structure. Additionally, the official team has allocated an extra 2% of tokens to Uniswap CCA, which serves as liquidity support.

From an on-chain signal perspective, projects that actively lower their prices like this are worth noting. There are generally two scenarios: one, the project team has a clear judgment of the market cycle and believes current pricing should be cautious; two, they received insufficient feedback earlier and are forced to adjust. In either case, it reflects current investors’ defensive stance towards valuation.

Before participating, it’s important to check two points: first, verify the token release schedule and the impact of the lock-up period; second, track the subsequent liquidity situation of the Uniswap CCA. Registration opens on the 27th, sales start on the 3rd, providing a window to observe market reactions.