The NEWT project, as an emerging crypto assets trading tool, has attracted the market's follow. The project was developed by the Magic Labs team and has received a total investment of $90 million from PayPal and Polygon, demonstrating the confidence of TradFi giants in it.

The core function of NEWT is to automate Crypto Assets trading using artificial intelligence technology. Users can set trading rules, and the AI robot executes cross-chain operations, potentially providing users with a more convenient investment experience.

In terms of token distribution, the total supply of NEWT is 1 billion coins, with an initial circulating supply of 215 million coins, accounting for 21.5% of the total supply. It is worth noting that the project team plans to distribute 100 million coins to users of the AI platform Kaito, which accounts for 10% of the total supply. This strategy may bring short-term selling pressure, but it also helps to attract user traffic.

However, the NEWT project also faces some potential risks. First, the large number of tokens acquired by Kaito users may lead to selling pressure in the short term. Second, Binance Alpha's recent poor performance may have a negative impact on overall market sentiment.

In the long run, the success of NEWT will largely depend on the practical application of its AI technology. If it can successfully achieve functions such as automatic bottom fishing and earning interest across chains, NEWT may become an essential tool in the DeFi space. Furthermore, as traditional financial institutions like BlackRock begin to lay out plans for "tokenization of physical assets", if NEWT can make breakthroughs in the integration of AI and blockchain, its potential for development may further expand.

Currently, the AI sector has not yet formed a hotspot in the Crypto Assets market, and NEWT may face short-term selling pressure. Investors should fully assess its potential and risks when following this project to make rational decisions.