Remember when $AVAX hit a $30B valuation?
All that hype. All that VC money.
And what did people actually use it for?
1. A degen ponzi farm that eventually rugged
2. A game where you battled crabs
That's it. That's the utility at peak valuation.
If you think this cycle can't get more ridiculous, you haven't been paying attention. We're just getting started.
The market doesn't care about fundamentals when liquidity is flowing. It cares about narratives and exit liquidity.
Buckle up. 🦀
All that hype. All that VC money.
And what did people actually use it for?
1. A degen ponzi farm that eventually rugged
2. A game where you battled crabs
That's it. That's the utility at peak valuation.
If you think this cycle can't get more ridiculous, you haven't been paying attention. We're just getting started.
The market doesn't care about fundamentals when liquidity is flowing. It cares about narratives and exit liquidity.
Buckle up. 🦀