TLM is now 0.00166u. We analyzed it before and said it was an old on-chain game mining pattern—sure enough, it didn’t hold up.

It only hit a new all-time low on July 1, dropping to 0.0008u, just a little over ten days ago. Now it has rebounded more than 2x from that bottom, but it’s still far from its all-time high of 0.9197u, with a drawdown of over 99%.

The coin’s longstanding problems haven’t changed at all: the first thing players do with the tokens they mine is sell them, and the long-term outlook is ongoing sell pressure. This kind of game mining model has been hard to truly turn around since the 2021 run.

What we’re seeing now is a rebound after being oversold. When it drops that hard, a technical correction is natural, but we haven’t seen anything new in terms of real business or news driving it.

These old game coins propped up by a mine-and-sell model can be played for a short-term bounce, but don’t expect it to sustain a lasting trend.#PreIPOs第二期OpenAI认购 $TLM