Huma Finance price

This morning, I saw a picture on Twitter that sparked several thoughts, so I wanted to share and discuss: 1) Choosing a time window with ample liquidity for TGE is crucial, so much so that it can overshadow the project's fundamentals. For example, $Pengu, an NFT community MEME token, launched during a period of high liquidity on December 17 last year, and performed better than most projects. In contrast, projects like $BABY and $HUMA, which have technical narratives and backing from VCs, launched during a phase of relative liquidity depletion in April and May this year, and their performance was quite poor. 2) Projects tend to cluster their launches, but it's important to consider whether the market liquidity can support them. For instance, in November and December last year, a batch of projects like Hyperliquid, Movement, Pengu, and Morpho launched together. Although their performances varied, most managed to succeed; however, in April and May this year, another cluster of projects including Babylon, Initia, Zora, Huma, and Sophon launched, but due to insufficient liquidity, their performances were disappointing. 3) Even in the right TGE time window, some projects can experience "peak at launch" moments. Some projects take advantage of high market liquidity and the FOMO of retail investors during TGE to mask their fundamental weaknesses. For example, Movement and Berachain saw overwhelming FOMO at launch, but ultimately ended in endless declines. This indicates that if market liquidity benefits are not supported by fundamentals, they can accelerate the "decline" of some projects. 4) In the wrong TGE time window, for some fundamentally solid and resilient projects, it can actually be a golden opportunity for value discovery. $ZORA is a typical example; it launched during the market's quietest and most liquidity-depleted time, yet ultimately became the only winner among that batch of projects. An earlier project, $Virtual, also launched during the darkest times but led a wave of Solana AI Agent hype due to its outstanding fundamentals, allowing a group of believers to win in the end. 5) Regardless of the strength or weakness of the exit time window, there will always be fundamentally excellent projects that eventually succeed. For instance, Hyperliquid managed to build a large supporter community, leading a narrative wave for Perp Dex, and the price of $HYPE has seen a stair-step increase; @flock_io also launched at the peak of last year's TRUMP liquidity frenzy, with $FLOCK's minimum circulating market cap dropping to an exaggerated 3 million, but thanks to its excellent fundamentals, it nearly achieved a grand slam on exchanges, allowing believers to win in the end. In conclusion, For most retail investors, understanding the importance of the TGE time window and adopting differentiated strategies is key: during a Strong TGE period, be cautious of chasing highs and aim for quick in-and-out trades; during a Weak TGE period, focus on research to find undervalued quality targets for long-term holding; both strategies could lead to becoming the final winners, even if it’s a bit tough 😩.