The valuation of a project now has little to do with what it does. It depends on how many things it follows, with 500 million on Binance, 1 billion on Binance, and an additional 200 million on CB. Once it's done, it's done, and then there's nothing left to do. For example, Sahara, with an opening price of 1.7 billion yuan and a grand slam, what does it do, how big is its application scenario, and how long can it continue to do in the future? Someone cares about the opening, but after a week or a month, no one cares anymore. A year later, it was also a mess of chicken feathers, and then it started to be torn apart, various bargaining chips were used, and then the team changed to become the next one.