The defi hype is slowly dying down which means investors are no longer too crazy to invest in just about any defi project, the reason why am saying this is because of the price, at $0.50 per token I think is too pricy, I have seen some defi (potential defi project so to speak) whos price were not close to this price but the ieo price was not sustainable, the dump was inevitable, at the end those who didn't participate in ieo will buy the token at cheap from dumpers,
In my opinion, this certainly too pricy because of the current market situation.