Interesting observation. Zama is indeed a promising technical direction, but the valuation logic is worth pondering.

I closed part of my position near 690M. To be honest, although Zama's technology is solid, based on the actual performance of Day1 FDV, the 300-400 range better reflects market reality. This is not to say the project is not good, but initial valuations often have discrepancies.

Platforms like Polymarket have taught me a key lesson — don't foolishly wait for them to "confirm" things. Once news hits the market, trading signals are right there. Instead of waiting for the market to fully digest the reaction, it's better to seize the news window opportunity immediately.

The core is to distinguish between the fundamentals of technology and market pricing. The former determines the long-term, the latter determines short-term gains. Both are important, but they should not be confused during trading.