I still hold my BAS position. Recently, I've seen many people criticizing this coin, so I want to have a rational discussion.

First, let's talk about the price. Many are puzzled: it's already down 99%, why is it still declining? Actually, that's quite normal. The last time the project team pushed the price up, they didn't expect it to be hammered down so badly. To put it plainly, this market has been played out—previously, everyone's psychological bottom was 0.016; if it fell below that, people would start buying the dip. But now? It's been below that level for a long time with no signs of recovery, and retail investors are completely afraid to enter. Unless there's a huge bullish candle that restores confidence.

Next, let's look at the buyback. The official plan to buy back 300 million tokens has indeed been ongoing; six days ago, they announced they've purchased 14 million. At this rate, it will take about four months to finish. Is this good or bad? Opinions vary. Optimists see it as positive support, while pessimists see it as a trap—after all, some people are long at 0.01 and are now trapped.

The contract data is also quite interesting. Today, BAS's long-short ratio remains at 7:3, meaning about 70% of the longs are still trapped. The spike last night didn't force liquidation, indicating either the positions are small or most were opened around 0.01 last week.

There's a major event on the 18th. A new round of unlocking will release 150 million tokens over three weeks—this is real selling pressure. Averaging it out, it's about 16 US dollars per token; after deducting 12 US dollars for gas costs, there's basically no profit margin.

Finally, a realistic issue: hoping the project team will pump the price? Difficult. There's a large pile of trapped orders above, and even if there's a market rally, the 0.016 resistance level probably won't be broken—there's too much selling pressure from those looking to unlock and exit.