Apart from Base Arc and Tempo, this market will not participate in any ultra-high valuation IPOs moving forward.

For projects in low-financing, low-market-cap sectors that go public with valuations of several hundred million to over a billion, are they treating investors like fools or are they planning to play some early-stage IPO valuation reset to 100M?

Regarding IPOs with Monad, no matter how high the valuation is later, the initial offering is bound to break or fall below the listing price. My strategy for IPOs is for investment purposes, not for trading cryptocurrencies. If I can make a profit at the opening, I will sell in batches; if it approaches a breakdown, I will sell everything; if it breaks down, I will stop-loss.