After reviewing the data, FORM's monthly revenue is at the level of $5.6 million (this is during the stable profit period after 1011; at its peak, it could reach over $40 million per month), while its market capitalization is only $140 million. To compare, CAKE's monthly income hasn't even surpassed $5 million, yet its market cap has reached $680 million. In this comparison, CAKE itself appears undervalued, and FORM's situation is even more absurd.

From a fundamental perspective, the revenue scale clearly cannot support the current market cap performance. But the market is so unpredictable—no matter how good the data looks, it doesn't necessarily drive the price up. Essentially, the main players have no intention of pushing the price higher. The dull trend in the short term ultimately comes down to the big players waiting for the right moment. It's not that the project has issues; it's simply that the timing hasn't arrived yet.