When it comes to playing the primary market, the biggest fear is not that the project is bad. But it's about 'not getting it'+'smashing through it as soon as it opens'. But after studying the IPO Prime of @ bitget @ Bitget_zh this time, it's more like bringing the "early share" set of US stock IPOs to the cryptocurrency circle. Yesterday, many people were talking about CBRS. The cost of buying new stocks by US securities firms was as high as around 385 yesterday, and those who obtained the quota in the early stages saw their profits skyrocket in a short period of time. Now, the most profitable thing in the market is not necessarily secondary pursuit, but "getting tickets in advance". The second phase of preOPAI follows the same logic. After the subscription ended, the total amount directly surged to over 100 million US dollars, and the market was not competing for a Meme, but for the "OpenAI IPO expectation" itself. And I think it has two key points: 1) The only token on the entire network with real equity support 2) The unlocking mechanism is much more comfortable than many projects. It's not about TGE smashing everything, but about gradually releasing it over three months: May 15th 30% June 15th 30% July 15th 40% This is actually very similar to the lock up logic of many traditional IPOs. At least there won't be a classic plot like 'peak at the opening, retail investors take the last blow'. Looking back now, many people envied CBRS' profits yesterday. But the real big meat often happens when most people haven't studied the rules seriously yet