$MAV is a DEX with only half the TVL of Trader Joe, one-tenth the influence and trading volume of Joe, but its FDV is 4 times higher than $JOE. Moreover, MAV will have a lot of emissions in the future mining, unlocked by the team and investors. The selling pressure is huge.
I really can't think of any reason not to short $MAV.
Don't use the circulating market value to value. I only use FDV to value because the short selling I choose is very low leverage and long-term operation, and I may hold the position for a long time. However, I can maintain a high winning rate.
Remember, shorting overvalued stocks with low leverage on a position-by-position basis also has a very reasonable profit and loss ratio. Shit only.