Personally, I think Pipe's focus is on XRP and BNB, which are two of the biggest benefits from the perspective of the traditional world, which are that compliance issues have been resolved this year, and there is also a relatively clear business/narrative as support. XRP has recently seen a number of hedge funds buying, and it has always been the favourite coin of the middle class outside the circle. BNB should currently be a relatively large target for pipe fundraising after ETH, and as far as I know, there should be three successful fundraising projects, and several are on the way. Pipe projects can bring not much actual buying, mainly emotional buying. The most suitable buying point is when Pipe launches the first wave, the emotions rise together, and the emotions give rise to a number of Hedge funds, so you don't have to worry about the emotional damage caused by ATM selling stocks at low prices to raise funds. From this perspective, the marginal effect of ETH Pipe's fundraising is decreasing, and judging the next launched pipe target is more speculative. Sunday is the time to bet, buy and leave the hand and wait for the prize next week~