$BSB is a domestic project!

I looked into BlockStreet, which is the execution layer on the stock chain, a DeFi protocol for tokenized stocks.
It provides decentralized lending, leverage, and yield opportunities for on-chain stocks. The official account hasn't announced any major news either.
Currently, the price is around 0.78, with a circulating market cap of $140 million and a fully diluted valuation (FDV) of $660 million. The current environment is already quite overvalued.
Basically, none of the major spot exchanges have listed it yet, similar to a series of "monster coins" like $RAVE , with spot listings on bg and contracts on bn.
On March 1st, 207 million tokens were unlocked, accounting for about 96% of the circulating supply. It’s likely that this wave of price increase is due to these tokens being released, and you can check on-chain whether most of them have gone into bg.
It should be a domestic project, with a few Chinese team members, and an unusually aggressive investor, DWF.
The funding rate for this coin is still positive, indicating that mainly market makers or the project team are long positions, with very few retail short positions, making it unlikely to see a large-scale short squeeze like Rave!