Hot take: Never bet on a founder's second project.
When devs already made generational wealth from their first win, the hunger dies. Second projects? Usually underperform hard.
$BLAST - Blur was the alpha, Blast fumbled
$ZZZ - GMX printed, ZZZ? TBD but looking mid
$DTF - OHM was revolutionary, DTF flopped
$EOS - ETH is ETH, EOS is a ghost chain
Pattern is clear: price pumps on hype from the first project's legacy, then reality sets in. Slow rug territory.
Rich founders lack the desperation that built their first project. They're playing with house money while you're exit liquidity.
The game: Bet on hungry builders with something to prove. Not on legacy founders running victory laps.
Most degens forget this principle after one cycle. Don't be most degens.
When devs already made generational wealth from their first win, the hunger dies. Second projects? Usually underperform hard.
$BLAST - Blur was the alpha, Blast fumbled
$ZZZ - GMX printed, ZZZ? TBD but looking mid
$DTF - OHM was revolutionary, DTF flopped
$EOS - ETH is ETH, EOS is a ghost chain
Pattern is clear: price pumps on hype from the first project's legacy, then reality sets in. Slow rug territory.
Rich founders lack the desperation that built their first project. They're playing with house money while you're exit liquidity.
The game: Bet on hungry builders with something to prove. Not on legacy founders running victory laps.
Most degens forget this principle after one cycle. Don't be most degens.