Monad @monad, as the first Launchpad project on @coinbase, broke its issue price within an hour of launch, with the price hovering around the public offering price of 0.025. FDV has been firmly suppressed below the institutional locked valuation of $3 billion. Although the market is indeed not great,— Not every exchange is willing to backstop like @binance, and not everyone has @Aster_DEX with @cz_binance standing behind them, ready to buy and hype it up. The new era of token launches is probably coming to an end. Think about it—did failing KYC actually help you dodge successfully? By the way, these public offerings/CEXs, if they block most Chinese users, the results don’t seem to be great. The purchasing power of Americans is just so-so.