$BREV this project was only valued at 80 million during last year's funding round, but once it launched, it turned into several hundred million—such a gap makes it hard to be optimistic. But on the other hand, you can't recklessly short the project; you need to act within your means and control your position size—that's the hard truth. After all, with backers like An Laboratory, the project team usually supports their own product with care.

The real hidden danger lies with the market makers. Projects that can enter the market before launch are basically top-tier projects, no doubt about that. But what is the ultimate fate of top-tier projects? History has already given the answer—a waterfall. If market makers want to push the price up, they need patience and sufficient chip reserves. Once they can't hold it, projects of this scale often experience a straight decline. So rather than chasing highs, it's better to stay alert, keep enough margin, and wait for the right opportunity to act.