The pathetic paradigm we are in: 1) launch an app (or in some cases u don’t even need one lol) 2) get farming started and claim there’s 100k+ DAU, obviously less than 1% is real users 3) raise a round probably between 50m - 100m 4) upside is not much, so launch a layer, can be a layer 2/3 or middleware layer 5) DAU of app no longer important 6) Discuss exchange listing and come up with a super low floating MC and extremely high FDV. 7) launch at 1b+ FDV and let it bleed
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@adriannewman21 There’s always a trending narrative to suck liquidity for vapor ware
@adriannewman21 this is how it has always been 😭 back in my day it was just an ICO paper lol