Analysis and thoughts on certain projects: TGE is imminent but the complete tokenomics parameters have not been disclosed. In this state of information deficiency, in-depth analysis indeed has limited significance. To be honest, expectations for this type of project were not high to begin with, but the recent market performance was somewhat surprising—甚至超预期的差 (even worse than expected). This reflects that the current market enthusiasm for such projects is severely lacking, investor attention remains low, and market sentiment has not been fully released or focused on this sector. The overall atmosphere appears rather冷淡 (cool or indifferent), which is also why even when projects take action, market response remains limited.