crypto valuations are completely detached from reality rn

like we're not talking "a bit frothy" — this is the biggest disconnect between price and fundamentals we've EVER seen in this entire cycle

everyone's chasing narratives while ignoring the actual numbers. tokens pumping 10x with zero users, zero revenue, zero anything

this is either the setup for the most brutal correction or we've entered a new paradigm where fundamentals literally don't matter anymore

my guess? it's the first one lol