The market has indeed seen quite a few developments these past couple of days. Here's a summary of the key information from January 19th, which I think is worth paying attention to.

**Airdrops and New Token Sale Opportunities**

Genius Terminal released an airdrop white paper, detailing the TGE timing and total points supply. Currently, the transaction fee is 0, making this a good time to catch the window. Based on their estimated FDV of $500 million and an airdrop share of 10%, each point is roughly worth $0.25, which leaves room for growth.

A major exchange wallet's Pre-TGE token sale project Sentient was quite active this round, oversubscribed by 22 times. Investors who bought the full 3 BNB allocation received 11,849.92 SENT tokens. The pre-sale price was $0.021 per token, with a book value of about $249, and an actual cost of only 0.13839 BNB (around $129). That’s the charm of participating in token sales.

**Market Trends and Project Progress**

A prediction market called Probable, incubated by a DEX and YZi Labs, issued points last week. However, community response was lukewarm, mainly criticizing the low trading points given, which doesn’t quite match user engagement levels.

Gate Launchpad has introduced its sixth token sale project, Immunefi, which launched today with a valuation of $117.7 million. Interestingly, this project had previously completed a round at a valuation of $130 million on a compliant platform. Immunefi is a bug bounty platform where project teams post security tasks, and security researchers can discover and report vulnerabilities. Honestly, I find this valuation a bit questionable, and since Gate’s recent token sales haven’t had particularly standout projects, I decided to pass on this round.

**Funding and Liquidation Data**

According to CoinGlass, the total liquidation amount across the market in the past 24 hours exceeded $876 million, with longs accounting for $788 million. This indicates that leverage traders are still quite optimistic or aggressive.

**Projects to Watch Cautiously**

Trove managed to raise over $10 million initially, with the key promise of developing products on Hyperliquid. Now, they suddenly announced a migration to Solana, which is a bit excessive—if they changed their mind, they should have issued full refunds and then re-initiated a public raise on Solana according to the new roadmap. The problem is, they’ve already damaged early supporters’ trust, and the community is demanding refunds, but the official response has been vague. This attitude is quite concerning.

**Other Notable Events**

Zama will launch its public round token sale tomorrow; a certain exchange’s Launchpool will list HeyElsa (ELSA) tomorrow, which will also be available on a major exchange called Alpha; the NYSE plans to develop a new platform enabling 24/7 trading of US stocks. If this comes to fruition, it could significantly impact the global financial markets.

$BTC $ETH