This coin has a special phenomenon—mainstream exchanges basically have no spot trading pairs. Retail investors have no channels to buy directly, which to some extent limits selling pressure.

From a fundamental perspective, the total supply is 100 million tokens, but the actual circulation is only over 10 million. This structure indeed appears scarce, but it also hides risks. If most tokens are locked or controlled by a few holders, the true liquidity is far worse than it seems.

From a short-term trading perspective, some are positioning long around 8.2, with target levels between 9.8 and 10.6. But there is a trap—once the big players complete their push to the target, it’s difficult to break through further. Be especially cautious about establishing short positions around 9, as you are very likely to get trapped, because a rebound force may suddenly appear.

Recommendation: If you participate, you must have a clear take-profit and stop-loss plan. With such a small circulating supply and such a lack of spot liquidity, the volatility is inherently abnormal, and risk management is more critical than predicting the direction.