I don’t get the meme ”Project X is launching a token so the VCs can get liquidity”. Yes, a token provides liquidity eventually but:

1. Most teams and investors have a lock up. So by definition airdrop recipients are getting liquidity far before the team or investors. 

2. No one is forcing you to buy the asset. If you truly believe it’s a liquidity “scam” don’t participate. And if you get an airdrop, sell immediately.

3. The straw man that “other retail will get tricked into buying it” is intellectually dishonest. For the vast majority of cases, the people who lose money trading a token are speculators who know the rules of the game. It’s 2025, not 2017.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

The real twist is that retail has way more liquidity and optionality than early investors, and they still complain