The investment value of DAO governance tokens may indeed be overestimated in the current market. Many tokens derive value from speculative hype rather than intrinsic utility or revenue generation. While DAOs promise decentralized decision-making, governance participation often remains low, and token concentration among whales undermines equality. Data from X shows mixed sentiment—some tout long-term potential, citing successes like MakerDAO, while others warn of overvaluation amid a crowded market. Web analyses suggest that without clear profitability or adoption, many tokens lack fundamentals to justify high prices. Historically, hype-driven assets face corrections when enthusiasm wanes. Still, a few well-structured DAOs with strong ecosystems might buck the trend. Investors should weigh utility, community engagement, and tokenomics carefully—hype alone isn’t enough.