I previously mentioned that the peak season for TGE (Trading on Term Markets) was approaching, and liquidity would worsen. Who would have thought that just half a month later, the market would be so bad that everyone's saying a bear market has arrived...
Sentient's pre-market FDV of around 2 billion seems to perfectly reflect the current situation.
Everyone has lost confidence.
I wonder if its future Chinese name will be "Third Aunt." Aunties are everywhere; that's the true spirit of open source!
But I think the AI sector will still be repeatedly hyped. Hopefully, Sentient will consolidate a bit more before the market opens and find a good opportunity for TGE.