Once sports concept coins become hotly traded, their rebound potential is actually worth paying close attention to. Take CHZ as an example; this project looks glamorous on the surface, but there are quite a few issues worth pondering.

First, look at on-chain data—only $6 million in total locked value. What does this mean? Many second-tier DeFi protocols have better figures. Yet, the market still treats it as a top-tier public chain for valuation, which is quite interesting in itself.

Next, let's discuss the deflation mechanism. There is indeed token burning, but it mainly comes from on-chain Gas fees. Currently, Chiliz Chain's transaction volume is so low that the deflationary effect can be practically ignored. Comparing it to an annual inflation rate of 8.8%, it simply can't withstand the pressure.

On the business side? Competition has already become fierce. A leading exchange, leveraging its user base, directly issues fan tokens, which poses a real threat to CHZ's monopoly position. Solana and Polygon are also not idle; they are continuously making strides in sports NFTs and ticketing, with performance, liquidity, and development tools all surpassing others.

The most heartbreaking point— the heat of the World Cup has already been largely exhausted in advance. There's a hard rule for such concept stocks: the closer to the event, the more likely the original positive news will turn into negative news. Time is just that ruthless.