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99% of tokens will not reach their previous ATH in the next decade because they are simply pump’n’dump schemes.
The only difference between projects is the size of their marketing budget.
In the crypto space, the budget traditionally goes toward two main areas:
1. Airdrops, as seen with projects like Moxie, Stepn, Axie Infinity.
2. Short-term liquidity pool retention.
For example, the Moxie token dropped from $0.014 on August 2 to $0.0019 by September 14—a 7.4x decrease in just 40 days. Currently, it is trading at 13 times lower than its peak.
GST (Stepn) rose from $1.30 on December 23, 2022, to $6.40 on April 28, 2023—a 5x increase in 4 months—only to crash 128x in the next 50 days.
This is what happens to 99% of tokens. That’s why I sell at the first unlock or within a month of the pump beginning—project organizers simply don’t have the funds to sustain the pump any longer.
What I believe in: open-source industry-leading products like ETH, SOL, and AI16Z.
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