2025-12-26 13:20:47

The project’s public sale oversubscribed by 200%, with subscription funds exceeding $5 million, and 100% of tokens directly unlocked at TGE—what does this actually reflect?

Many people see oversubscription as a sign of hype, but the real logic might be deeper. When the market floods in with real money, what does it indicate about scarcity? It’s about prediction. It’s about consensus itself.

In other words, investors are voting with their money for a certain future certainty. The higher the oversubscription ratio, the more it reflects the strength of this consensus—this is not emotion, but a structural demand becoming explicit. From the scale of fundraising to the design of the circulation mechanism, every step is releasing market signals.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
4
Repost
Share

Comment

0/400

LiquidityHunter

· 12h ago

Over-raising by 200% sounds great, but I'm more concerned about TGE being directly 100% tradable... Can we hold this wave? --- The idea of consensus voting sounds good, but in reality, it's just FOMO piling up. Who knows how it will go later? --- Breaking through $5 million? Sounds like a lot, but how does this data compare to other projects? I'm interested in seeing a comparison. --- Structural demand becoming explicit... sounds nice, but it's just the market betting on a story. --- 100% circulation is a bit aggressive, won't there be a dump in the early stages? --- I don't dispute the voting theory, but the question is, how long can this consensus last? --- Every time there's an over-raise, people hype it up. Should reflect on whether the participants truly understand the project.

View OriginalReply0

OnchainHolmes

· 12h ago

Senior On-Chain Sherlock Style Commentary: --- Raising over $5 million is impressive, but the real signal lies in the circulation mechanism. What does 100% direct release mean? This guy has some skills. --- Everyone's looking at the numbers, but who notices the design logic of the TGE? Think about what direct open circulation implies. --- Excited about 200% oversubscription? I'm more concerned about how long this consensus can last. Hype and structure are two different things. --- Basically, the market is using money to make multiple-choice decisions; voting is more valuable than the numbers themselves. --- The circulation mechanism is quite clever—completely transparent and open—let's see who's feeling guilty. --- It's just betting on the certainty of the future. The question is, who can see through this future clearly? --- $5 million is still a small amount; the key is what kind of chess game those behind the scenes are playing.

View OriginalReply0

WalletInspector

· 12h ago

Over-raising by 200% is the market voting, and I agree with that. But the question is, how many days is this vote worth? A 100% circulation all at once—is this design truly confident or just aiming for a quick exit?

View OriginalReply0

MechanicalMartel

· 12h ago

In plain terms, it's about money voting with their feet. The oversubscription numbers look good, but the key still depends on how things go after TGE.

View OriginalReply0