#预测市场 Looking at this week's IPO schedule, I have to admit I feel a bit overwhelmed. Projects from the founders of Tether, DWF, and Curve are launching one after another, each claiming to be scarce and highly potential. KYC accounts have been driven up to $120. These signals are actually reminding us — market sentiment is running hot.

I recall the wealth effects from previous projects like STBL and 0G, which indeed made many people profit. But that’s also where the problem lies. When the market starts using "the success of the last project" to predict the "next project," the risk often lurks around the corner.

Carefully examining these projects, such as Upheaval with an oversubscription of 870%, Yield Basis backed by Curve and Egorov, and Limitless claiming $270 million in trading volume — the numbers look impressive. But I want to remind everyone: high expectations are themselves the biggest risk factor. When everyone is watching the same feast, the feast is often nearing its end.

My advice is simple: if you really want to participate, be sure to clarify three points. First, what proportion of my assets does this money represent, and can I afford to lose it? Second, how well do I understand the fundamentals of this project, or am I just following the hype? Third, what is my exit strategy — when should I take profits or cut losses?

I understand the allure of IPOs, but maintaining a long-term mindset and proper position management are always more important than the multiples of gains from a single event. Staying clear-headed during a busy project week is sometimes more valuable than participating itself.