I stumbled upon something completely stupid and non-sensical. I hope you got bamboozled into subscribing for the Zetrix IEO... Here's the piece of news.

Zetrix is a public blockchain infrastructure (Layer 1) backed by a Malaysian Government linked entity, MyEG.

Zetrix completed it's IEO and managed to raised 5M USDT, and it is oversubscribed too, which is completely insane as the IEO participants were paying 5 USDT/Zetrix. With 66.7m tokens circulating initially, that would give it a marketcap of 330m+ (top 110+ tokens), which is completely unjustified, I wonder which tycoon in Malaysia used the IEO to "clean" their funds.

This gets even worst when you look at it's FDV, with a max supply of 2.1 billion Zetrix, it's FDV would be a "measely" 10.5 billion, no biggie. A completely new and under the radar alternate Layer 1 having a larger FDV then 

ARB, OP, MATIC, AVAX and DOT plus many many more.

Anyway, I think the token should be DownOnly whenever it gets listed and whoever that bought into the IEO is gonna be burn big time, but hey maybe I am completely wrong and this is the greatest thing created since sliced bread?

I will certainly keep an eye out for opportunity to short this whenever its available, the valuation is completely unjustified.