Recently, the recovery of the cryptocurrency market has sparked a new wave of enthusiasm, with on-chain liquidity decreasing and funds beginning to shift to the secondary market. Several previously inactive protocols and projects have accelerated their mainnet launches and token TGE processes, particularly in the DeFi and L1 sectors, which have become the market's main forces. After experiencing market fluctuations, teams are working to optimize token distribution strategies and increase initial circulation to avoid liquidity dilemmas under high FDV models, while also ramping up airdrops to incentivize community participation.

Against this backdrop, Bitcoin has paused its surge as it approaches the 100,000 mark, and its slight continuous decline in market share has sparked eager anticipation for the 'Altcoin Season.' The meme trend remains strong, and VC coins have found new hope. To help everyone better understand market dynamics, BlockBeats has organized and listed some projects that are about to or have already undergone TGE. This article is for discussion purposes only and does not constitute any investment advice!

First, let's look at Magic Eden, a multi-asset trading market focused on NFTs, which will conduct the TGE of its token ME on December 10. The total supply of ME is 1 billion, of which 50.2% will be allocated to the community, with an initial airdrop accounting for 12.5%. Magic Eden has raised a total of $149 million, with notable investors including Sequoia Capital, Paradigm, and others.

Next is Berachain, an EVM-compatible Layer 1 blockchain built on the Cosmos SDK. Its token economics have not yet been disclosed, but it is planned to be launched by the end of 2024. Berachain has raised a total of $142 million, with participating investors including Framework Ventures and Polychain, among others.

Then there's Movement, an infrastructure project based on the Move language. Its token MOVE has a total supply of 10 billion, which will be gradually unlocked over 5 years, with an initial circulation of about 22%. Movement has raised a total of $41.4 million, with participating investors including Polychain and Binance Labs, among others.

Additionally, SynFutures is an on-chain derivatives trading market on Base, with a total supply of its token F being 1 billion, and the TGE will be conducted soon. SynFutures has raised a total of $37.4 million, with participating investors including Pantera Capital and Polychain, among others.

Finally, let's take a look at Hyperliquid, a decentralized trading platform that recently completed the TGE of its token HPYE. After the token went live, the price of HYPE surged nearly fivefold in less than three days. Hyperliquid has not accepted VC investments, and the team stated that this allows them to focus on building the product.

These are some projects that are about to or have already undergone TGE. What do you think? Feel free to share your thoughts and expectations in the comments! 🔍