Deep Dive
1. Airdrop Liquidity Pressures (Mixed Impact)
Overview: Gate Alpha’s November 8 airdrop distributed TCOM tokens to users holding platform points, with claims closing November 15. Historical data (Crypto News) shows similar events often trigger short-term sell pressure as recipients cash out, though they boost trading volume.
What this means: Immediate price volatility is likely, with the 72% 24-hour volume spike (to $21.7M) already reflecting heightened activity. Post-claim, sustained demand depends on whether new holders stake or exit.
2. IP Licensing Momentum (Bullish Impact)
Overview: TCOM’s protocol manages 65 Osamu Tezuka manga IPs, with partnerships like ACGWORLDS expanding into anime metaverses (MOEW AI Agent). The project’s roadmap includes NFT-based gaming integrations, targeting Japan’s $12B anime market.
What this means: Successful IP monetization could attract Web3 creators, increasing utility for TCOM tokens. The 268% 90-day price surge partly reflects optimism around these use cases.
3. Overheated Technicals (Bearish Impact)
Overview: TCOM’s RSI-7 sits at 86.08 (deeply overbought), while the price trades 17.8% above its 7-day SMA ($0.0543). Fibonacci retracement levels identify $0.0654 (23.6%) as near-term support.
What this means: A pullback toward $0.055–$0.06 is plausible if bullish momentum stalls. However, the MACD histogram’s positive slope (+0.0015) indicates lingering buyer dominance.
Conclusion
TCOM’s IP narrative and exchange incentives offer mid-term upside, but technicals and airdrop dynamics pose near-term risks. Watch November 15 airdrop claim closure: Will holders HODL or sell into liquidity?