Nillion, call back this coin At present, FDV is close to the valuation range, and almost all VCs have completed short opening/hedging operations. The target price should be around 0.4 Only focus on the bottom trend of 0.4 If considering the potential OTC after Series A, there may be a 20% discount for 400 million yuan The project still leans towards accumulation Value holders need to pay extra attention to the risk of backstabbing Short sellers also need to pay attention to potential returns