đ Top FDV launches of January show a clear trend:
FDVs are coming in heavy, while market caps lag far behind.
Key observations:
SENT ($1.36B FDV) dominates January debuts â but already ~50% unlocked vs peers
Several projects launched with FDV 5â20Ă current market cap, signaling long-term dilution risk
Mid-tier FDVs ($150Mâ$300M) look more balanced, but still demand strong token utility
High FDV â overvaluation â but it raises the bar for execution
Takeaway:
January wasnât about âcheap launches.â
It was about pricing future expectations early.
đ If unlocks > demand â pressure
đ If product + users arrive â FDV gets justified
Want this rewritten as:
đč a more bullish take
đč a warning-thread
đč or a deep-dive on 1â2 projects from the list?