We can understand and analyze the short view of NOT from the following aspects:

Market value and launch timing: TON’s market value at the time of launch was indeed 1 billion, but NOT dared to set a market value close to TON’s at the time when it was just launched, which really makes people question the rationality of its valuation. After all, as a sub-coin under TON, whether NOT’s market positioning and potential are comparable to TON is worth discussing. Full circulation and dealer strategy: In the case of full circulation, dealers usually choose to wait and see in the early stage of the listing of new coins, waiting for market reaction and selling pressure after airdrops. Therefore, the initial decline of new coins after listing is not uncommon. This does not mean that the value of NOT’s project is denied, but a natural reaction of the market. Consensus and market trend: Although NOT’s consensus is strong, the market trend is often more critical. When the overall market trend is downward or uncertain, investors tend to be more cautious and choose to short or reduce their positions. This is not a denial of the NOT project itself, but an adaptation to the market environment. Possible operations of the project party: As for whether the project party is airdropping or taking other operations, this is indeed a guess that cannot be directly confirmed. But in any case, investors should remain rational, not blindly follow the trend, and make decisions based on their own judgment and investment strategy.

NOT's short view is based on a comprehensive consideration of market value, full circulation, consensus and market trends. However, investment is a complex decision-making process, and everyone needs to make decisions based on their own situation and risk tolerance. When investing, we should remain rational, cautious, and fully understand the value and risks of the project.