This cycle has been brutal. Old strategies don't work, and your favorite coin doesn't take off overnight. Even top projects struggle after TGE because, let's be real, if a token doesn't pump, no one cares.

1. Liquidity Mining - Projects simply flood the market with tokens as "incentives", creating endless selling pressure. If the team treats the token as a throwaway dummy, why should investors do any different?

2. Unnecessary airdrops - most airdrops reward people who are completely uninterested in the life of the project, who immediately dump tokens into the order book, which leads to a collapse in prices and a lack of real interaction.

3. High FDV, Low Supply - Tokens are launched at inflated valuations, with most of the supply locked in. Once unlocking begins, early investors dump money into retail, killing the momentum for the price.

4. No real store of value - If your token doesn't provide revenue sharing, doesn't provide real value, or there's no real demand for it, why would anyone hold it?