Views on $SCR and the current situation:
Currently, $SCR (Scroll's token) has been allowed to be farmed by Binance through Launchpool quite early. This leads to a large amount of $SCR being sold immediately on Pre Markets when the token has not been officially listed (TGE), causing the price of $SCR to be dumped heavily.
Selling pressure and price increase opportunity:
With 5.5% of the total supply of $SCR being issued on Pre Markets, there will be quite a lot of selling pressure, especially from those who farmed $SCR from Launchpool. However, this can also open up opportunities for price increase in the future. Those who sold $SCR during the Pre Markets will have to buy back $SCR on the exchange when the token is officially listed to pay those who bought. This can create a price boost when supply and demand change, pushing the price of $SCR higher after the TGE takes place.
Scroll's strategy?
The question is whether this is a deliberate strategy by Scroll to boost the token price? This possibility cannot be ruled out, as post-sale buyback pressure could see the price rise rapidly.
Current price situation:
Currently, $SCR is at around $1.2, with FDV (Fully Diluted Valuation) at $1.2B, significantly lower than the price at which VCs bought in the last round at $1.8. This suggests that if there is a supply-demand adjustment after the TGE, $SCR is likely to increase, especially since VCs have joined at a higher price.
Considering the layer2 valuation of 200M ~1$ playable !!
