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Heyelsa: How to Play a Well-Played Game
Many people have written about Heyelsa, mostly focusing on the product itself. I've noticed the price is still quite strong, which has sparked my interest in examining the token model. With the expected CB (Blockchain Explosion) being realized tonight, its price chart corrected quickly, completely diverging from the overall market trend.
Looking at it this way, $ELSA has something special. Remember, there are no perfect trades, only those that follow the trend.
Let's delve a little deeper!
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$ELSA Total supply 1 billion, 40% allocated to the community for long-term distribution, but only half of the TGE (Tencent's Exchange Points) are unlocked, which is 8% of the total supply. In addition, the initial circulation includes 6.9% from the foundation and 8% from liquidity, totaling 22.9%. The overall numbers are relatively healthy, but I've seen many posts on Twitter saying there hasn't been an airdrop. I haven't delved deeper into the airdrop distribution here, but we can make A/B inferences based on this situation.
Currently priced at $0.14, with a market capitalization of $32.5 million, a 24-hour trading volume of $150 million, and a turnover rate of 4.57, it's likely one of the hottest tokens yesterday and today. Institutions and the team have locked up their tokens for 12 months, and the initial airdrop selling pressure was approximately $11 million, representing only 7.6% of the trading volume – meaning it was easily absorbed.
Although institutions have locked up their tokens, it's still worth noting. Their cost basis is approximately $0.0285, resulting in a current paper return of nearly 4x. We'll see if it goes on contract trading; that should be a crucial turning point.
Based on TGE's data over this period, the airdrop selling pressure has been easily absorbed. Returning to the initial airdrop distribution issue, if the top addresses control a significant portion of the airdrop, maintaining this turnover rate without listing on CB or BN indicates very high market enthusiasm. Controlling or distributing tokens both point in the same direction: upward movement.
With a $150 million FDV, and having implemented basic measures such as staking, AI-powered x402 payments, new EP points, and permanent burning of 10% platform fees, there's strong reason to believe the team is pushing the price to new heights. These figures are quite different from other AI-driven crypto projects; the initial price drop hasn't been dramatic, allowing for further observation.
Another important point is to consider differing opinions in the market and always remember that our goal is to raise funds. Issues such as airdrops, the team's presence in India, and product usability must be considered from both A and B perspectives: if these are true, who will be affected, and how will they impact the price?
Think a little more, and maybe... you'll lose a little more (kidding). To summarize, in the short term, the selling pressure on TGE has been digested, and without further objective conditions for a market crash, the price will enter a consolidation range to find direction. In the medium term, it still depends on the product; usage determines consumption, consumption determines supply, and supply determines price. If there's no significant improvement in the product within six months, then the only means left is monetary power.
In the long term... we need to see how high AI can climb in the crypto space. Currently, it hasn't even reached $20 billion, and the $10 billion, $1 billion, and $100 million levels are all lurking beneath the surface. Let's see how high ELSA can climb.
Good luck!
/ Author: anymose | A softcore science writer
This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!

This content is really hardcore; it must have taken a whole day to summarize it like this.
6.9 minutes
With such high production efficiency
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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