Airdrops turn into "shorts," with project benefits becoming cash machines for insiders. From Sahara AI and aPriori to Irys and Tradoor, newly launched altcoins have been crashing one after another—halving in a single day, dropping more than 80%, and airdrops being heavily dumped, casting a shadow of decline over the crypto space. (Previous context: Meteora airdrop trust disaster: 4 whales grabbed 28.5%, over 60,000 retail investors only shared 7%) (Background supplement: Why are ICOs dominating on-chain fundraising again? The three underlying logics defeating airdrops) Airdrops turn into "shorts," with project benefits becoming cash machines for insiders. Although the market has warmed up somewhat recently, the crypto world has still been shrouded in a lingering gloom since the "1011 crash." What's particularly notable is that a batch of newly launched altcoins seem to have all been switched to "decline mode," repeatedly experiencing dramatic crashes: halving in a single day, dropping more than 8

Layer 1 data chain Irys has officially launched, and the token IRYS has shown a wide fluctuation pattern in its initial trading, with prices fiercely oscillating between 0.009 USD and 0.052 USD. Technical indicators show that while the volume-weighted average price (VWAP) has formed short-term support, the On-Balance Volume (OBV) is still in the negative zone, reflecting that buying momentum has not yet been fully confirmed. As one of the most anticipated infrastructure projects of this cycle, Irys attempts to address the pain points of blockchain data availability through its innovative design that combines on-chain data storage and smart contract execution. However, the potential airdrop unlocking pressure in its Token economic model still brings uncertainty to the short-term price trend.

Irys was launched only a few hours ago, and its price has shown significant early trading range. It is an L1 data chain designed to integrate on-chain data storage and smart contract execution, making it one of the most anticipated projects in this cycle. Potential airdrop-style supply unlocks have also triggered early fluctuations, and the volume-weighted average price (VWAP) support level remains valid, with key price levels around $0.024 defining the first real trend after Irys's listing.

Irys, an innovative Layer 1 programmable datachain, is positioning itself at the forefront of AI and Web3 infrastructure by offering a scalable, verifiable, and monetizable solution for on-chain data. With a focus on transforming fragmented and centralized storage into programmable assets, Irys promises to redefine the way data is used and monetized in the decentralized ecosystem.

Today's News Highlights: 1. Macro Outlook for Next Week: Probability of a December rate cut has soared to 73%, Powell's "mouthpiece" closely watches the Beige Book. 2. Strategy: BTC holdings, based on recent prices, could cover 71 years of dividend payouts. 3. Tom Lee: Strategy, which holds 650,000 Bitcoins, has become the market's preferred hedge. 4. Port3 Network exploited by hackers who used the BridgeIn vulnerability to mint additional PORT3 tokens.

In the article "DataFi Project Review: From Mechanisms to Implementation, Who is Building a New Order for Data Finance? (Part 1)", Portal Labs first conducts research on the DataFi track and the OpenLedger project, attempting to outline the basic mechanisms and early implementation directions of the track. Considering the complexity of project pathways and technical logic, Portal Labs will subsequently conduct detailed research and analysis on representative projects in multiple articles. If OpenLedger's story revolves around building a DataFi business model with AI, then Irys extends another set of business logic based on storage. In Portal