Let's take a look at a recently popular new coin project—SIGHT.

This is an AI-driven MMORPG game based on BSC, with several intersections with the Sei ecosystem. The alpha release is scheduled for January 16th at 4 PM.

First, let's look at the data: the total token supply is 1.6 billion, which is not a problem. But as we dig deeper, things start to get sketchy—circulation details are completely unavailable, Tokenomics is empty, and even CMC has no project information submitted by the team. What does this call? A standard three-no project.

The official Twitter claims to be from Japan, but repeated glimpses in partner PRs reveal traces of a domestic team. The team background is vague, and the funding rounds and scale are also a mystery.

Regarding valuation, the current pool price is stuck at 0.0594, corresponding to an FDV of 95.04 million. Honestly, this price is a bit outrageous. It's very difficult to determine its true value without any knowledge of the project.

To be honest, the fundamentals of this type of project are just there—terrible. No information transparency, extreme asymmetry of information, and no reference valuation system. People playing this are purely gambling. From a cost-performance perspective, I definitely do not recommend touching it. The risk-to-reward ratio is severely unbalanced, and it's really not worth taking this risk.

The same advice as always: do your homework before jumping in.