The launch of $BIT indeed left many people confused, with a starting price of $0.035, only to drop immediately, which is hard for anyone to watch. But don't rush to conclusions based on emotions; let's take a longer-term view.

To be honest, price crashes during TGE are not uncommon in the Sol ecosystem. When liquidity is thin, even a small amount of selling pressure can push the market down, and emotions move faster than logic.

But after all, they have the 7-day refund policy as a backup, so emotions won't collapse directly, and everyone at least has some room to reconsider, which is why the first wave of panic isn't so deadly.

What I find interesting is the trend itself. It doesn't have that typical meme rocket + straight-line crash, but rather it seems to be pushed along, and this rhythm feels a bit different from a purely emotional market.

@bitdealernet wants to connect the iGaming stuff here. It's still early to say if this will work out, but the direction itself is not far-fetched. If there really is game traffic flowing onto the chain later, the pricing method might differ quite a bit from regular memes.

But that being said, at this stage, there is no need to make too big of a judgment. In the short term, look at the sentiment; in the medium term, look at the traffic; in the long term, look at the implementation. Whether it can take off depends on whether the subsequent volume is truly coming in. The current reality is that it has both the ugly side of breaking below its issue price and the potential to take a different path.

@KaitoAI $BIT #KaitoYap #Yap #BIT #Bitdealer @ChainGPT_Pad