Recently, the price of Hana Capsule NFT has indeed dropped significantly, sliding down from its peak! Many people have started to watch and wait.

A significant part of the reason behind this is that the founder decided to launch the mainnet first and then proceed with the TGE, which extended the timeline and cooled the market's short-term sentiment.

From the on-chain data, it can be seen that among the current holders of Capsule, a small number of large holders account for a significant proportion, while most ordinary players hold a relatively small quantity. This means that once the large holders decide to sell, the price will fluctuate noticeably; however, if the large holders choose to lock in their positions for the long term, it will also provide support for the price!

Capsule, as an early participation certificate of the Hana ecosystem, may have certain binding value in the future in aspects such as the mainnet, events, and airdrops. However, this value needs to wait for the ecosystem to land and user growth to be realized.

Whether the current price is an opportunity depends on your long-term confidence in Hana and whether you can wait for it to fulfill its promises. In the short term, watch for volatility; in the long term, focus on development while also paying attention to changes in the distribution of holdings. This is where Capsule's true risks and potential lie!

Personally, I feel that the floor price has almost bottomed out. I've purchased a few and am waiting for the TGE. I won't buy too much; the less cost I incur, the better!

#KaitoYap @KaitoAI @HanaNetwork @0xJeek # Yap $HANA