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#DMC
Relationship between the DeLorean brand and current operations: The DeLorean brand is famous for the DMC-12 from "Back to the Future", but the current DeLorean Motor Company (DMC) and DeLorean Labs are unrelated to the original DMC established by John DeLorean in the 1980s. The current DMC based in Texas is leveraging brand assets and is developing the Alpha5 EV (scheduled for production in 2027), but has zero track record in vehicle production. DeLorean Labs operates in the Web3 sector, managing the $DMC token on the Sui blockchain.
Concerns about scam coins: $DMC is a utility token used for vehicle reservation NFTs and staking, but merchandise sales and brand revenue have not started, and the announcement of "buybacks based on revenue" on June 30, 2025, lacks specificity. The reservation fee ($2,500/build slot) cannot be used for buybacks as it does not constitute revenue, and the scale of funds is unclear. While the listing on Binance and partnership with the Sui Foundation enhance credibility, the lack of operational experience and transparency poses risks.
Production delays and partner factories: Production of Alpha5 has been postponed from 2024 to 2027, and the partner factory (speculated to be Italdesign) has not been announced. The sluggish orders (600 units) and concerns about competitiveness (in comparison to Tesla) are lowering reliability.
Pump and Position Talk: The announcement on June 30 triggered a price increase of 41.66%, but the opacity of earnings suggests a high possibility of a pump. The casting of Sir Patrick Stewart is seen as a strategy to stimulate speculative demand.
Don't be deceived, everyone. Continuing with shorts is not a problem.