TLM, also known as Alien Worlds, has been getting a lot of attention these past few days because it surged nearly 3 to 4 times over the past week, but it has already started to drop today. It’s currently around 0.0025u, down nearly 20% on the day.

First, what is this coin for? It’s for an on-chain game. Players mine in the game and earn TLM tokens. This mining model was especially popular in 2021, when it was one of the top on-chain applications by daily active users.

But this game mining model has a fatal problem: the first thing players do with the tokens they mine is sell them, creating continuous selling pressure. That’s why this kind of game token can only keep falling in the long run.

Its all-time high was around 0.74u. Now it’s at just 0.0025u—down nearly everything. And with a total supply of 10 billion tokens, 7 billion are already in circulation. The market is very large.

This week’s sudden spike doesn’t really have any obvious positive catalysts. It looks more like someone was pumping it to trade the sentiment. Today’s sharp sell-off already shows the issue.

For tokens propped up purely by game mining, there isn’t real demand to support them—when you pump them up, it becomes an opportunity to distribute.

Look for a chance to short#TLM $TLM