Recently, while reviewing the market data, I noticed an interesting phenomenon with the AT project: the fundamentals are strengthening, but the coin price is falling.

The logic behind the phenomenon is clear - the market has fallen into extreme panic. The selling pressure caused by the unlocking of airdrops has dropped the price from 0.88 to 0.10, but the business side continues to expand: covering more than 40 public chains and supporting over 15 asset classes (including RWA and GameFi), backed by traditional financial giants such as Polychain and Franklin Templeton.

In my trading framework, this kind of "mismatch" often signals opportunity. The market negates the long-term value of the project as infrastructure due to short-term chip pressure - it sounds irrational, but that's exactly where the money can be made.

Speaking of valuation, AT's market cap is currently far below the leading players in the same sector. However, this project offers capabilities that others cannot provide—especially the AI-driven ability to put unstructured data on-chain. Even without considering the potential for significant outperformance, just based on "valuation regression," returning to the average level of the second-tier leaders in the same sector suggests at least a 3 to 5 times upside from the current price.

Traders all know a rule: shorting those projects that have been heavily promoted by large exchanges in the crypto space usually doesn't end well. History tends to repeat itself.