$STRK It’s already up 4x from the bottom, but it’s still nearly 100x away from its all-time high at launch.
Looking at this data, it’s honestly a little bittersweet.
Back then, $ARB , $OP, $STRK , and $W all launched with valuations of several billion, or even tens of billions, of dollars.
At the time, when a new project came out with a valuation under $1 billion, people thought it was nothing special.
Now, forget $10 billion—even a $1 billion market cap has become a hurdle that many projects struggle to clear.
The most ironic part is that the projects are still being built, the technology is still improving, and the ecosystems are still growing, yet the token prices have fallen so far they’re barely recognizable.
This is especially true of projects with high valuations, low circulating supplies, and ongoing token unlocks. No matter how compelling the tech narrative is, it can’t withstand a constant stream of tokens entering the market.
Even more cruelly, when a coin falls 99% from its high, a 4x gain still leaves it nowhere near breaking even.
Back then, $10 billion valuations were the norm. Now, even a $1 billion market cap feels like wishful thinking.
The crypto market is still the same crypto market, but over the past few years, it’s taught everyone a lesson:
Being able to tell a story worth billions is the project team’s skill; making sure token holders actually make money is what a token should do.
$STRK $ARB
Looking at this data, it’s honestly a little bittersweet.
Back then, $ARB , $OP, $STRK , and $W all launched with valuations of several billion, or even tens of billions, of dollars.
At the time, when a new project came out with a valuation under $1 billion, people thought it was nothing special.
Now, forget $10 billion—even a $1 billion market cap has become a hurdle that many projects struggle to clear.
The most ironic part is that the projects are still being built, the technology is still improving, and the ecosystems are still growing, yet the token prices have fallen so far they’re barely recognizable.
This is especially true of projects with high valuations, low circulating supplies, and ongoing token unlocks. No matter how compelling the tech narrative is, it can’t withstand a constant stream of tokens entering the market.
Even more cruelly, when a coin falls 99% from its high, a 4x gain still leaves it nowhere near breaking even.
Back then, $10 billion valuations were the norm. Now, even a $1 billion market cap feels like wishful thinking.
The crypto market is still the same crypto market, but over the past few years, it’s taught everyone a lesson:
Being able to tell a story worth billions is the project team’s skill; making sure token holders actually make money is what a token should do.
$STRK $ARB