There have been several noteworthy developments in the IP space recently. On January 2nd, the Grayscale AI Fund officially integrated into this project. By January 14th, the project team plans to implement a hard fork upgrade, primarily enhancing network scalability and security, while also adding a confidential data track feature.

However, there are some aspects of this project that warrant caution. The total supply exceeds 1 billion tokens, but only 340 million are in circulation, with the majority remaining locked. This means there will be ongoing phased unlocks, creating persistent selling pressure.

The recent price increases have mainly been driven by expectations of the January 14th hard fork. From a trading perspective, participation before the hard fork can be considered, but once the upgrade is implemented, it’s advisable to exit promptly. Such event-driven rebounds often lose momentum once expectations are fulfilled. Coupled with continuous unlock pressures, long-term holding requires extra caution.