$AVAX at $9.83.
Bought the dip in '21. Woke up in '22. Same DeFi TVL. New narrative.
I am the exit liquidity.
This is what happens when you chase narratives instead of fundamentals. $AVAX had its moment — Layer 1 wars, subnet hype, institutional partnerships. But TVL hasn't moved. Price dumped 75%+.
If the ecosystem isn't growing and capital isn't flowing in, you're just holding bags for early VCs and insiders.
Lesson: Narratives rotate. Capital doesn't wait. Don't marry your bags.
Bought the dip in '21. Woke up in '22. Same DeFi TVL. New narrative.
I am the exit liquidity.
This is what happens when you chase narratives instead of fundamentals. $AVAX had its moment — Layer 1 wars, subnet hype, institutional partnerships. But TVL hasn't moved. Price dumped 75%+.
If the ecosystem isn't growing and capital isn't flowing in, you're just holding bags for early VCs and insiders.
Lesson: Narratives rotate. Capital doesn't wait. Don't marry your bags.