On March 31, Erick Zhang, managing partner of Nomad Capital, tweeted, "Unlocked amount is not the same as liquidity. Many project parties claim that the amount of tokens unlocked is liquidity and falsely report the circulating market value, which causes the data platform to display data errors and is misleading to investors. Investors are advised to check the on-chain data to derive the correct market value. Taking the BTCfi project Corn as an example, its actual circulation is only at most 3%, which corresponds to the market value of about 3 million US dollars, rather than the 25% liquidity displayed by the project party's website. Coingecko also simply shows the project party's self-reported 25% liquidity, thus erroneously showing the market value of 30 million US dollars. "