Yesterday, I saw the announcement about @GoKiteAI on Launchpool, and I was pretty surprised. I didn’t post about it right away mainly because I was feeling a bit under the weather yesterday. After sleeping more, I’m feeling refreshed now. Of course, after the news dropped, the longs definitely took a hit in the short term, but luckily most of the positions around 16-18 were closed out (mentioned in the channel). In the long run, getting a spot on Launchpool is definitely a good thing. Binance hasn’t released a Pool in a while, which clearly shows some level of recognition. It’s reasonable to imagine that Kite might engage in deeper collaborations with Binance in the future, such as support for USDT/USDC/stablecoin deposits and withdrawals. In the short term, though, this objectively increases selling pressure, and the dip was within my expectations. Moving forward, it’s just a matter of more positive news from other exchanges. BTC is looking pretty weak right now, and KITE launching at this point feels like a conservative strategy. We can’t predict whether there will still be a Christmas rally in a few months, but at least within this small cycle, launching now and hitting a stable $1B+ market cap is already a solid performance. As for the airdrop, from a user perspective, of course, the more the better. But from the project team’s perspective, it objectively makes token control more challenging. If the price dips further, it’s also a valid choice. The current market sentiment doesn’t seem strong enough to support a collective push toward a higher market cap. This is something we, as users, need to think through, and it’s also something the project team @ChiZhangData needs to consider carefully. By the way, their collaboration with @brevis_zk is worth mentioning. Both projects are more infrastructure-focused, and their vibes align pretty well. This project has also been hinting at some good news recently. As @yueya_eth summarized, it’s about creating a closed loop between "AI trust" and "AI settlement." Overall, given the current market conditions, the pre-launch window for price discovery is too short, which isn’t ideal for TGE pricing (just my personal opinion). There was originally a decent chance to hit $2B and keep climbing, but with Launchpool not happening, everything will fall into place as it should. In the long term, I hope they keep building and, under the backdrop of PayPal’s support, explore more related fields and find their PMF beyond just being a mining token.