Looking at a portfolio evenly split among major L2s when newly launched: From 100k now down to less than 5k (-95%). This is not due to a "junk" project, but a scenario scripted by Tokenomics and Narrative.

📊 The truth behind the steep charts:

Unbalanced position: VC and Team hold inventory at "peanut" prices from the parking round.

Narrative Trap: Retail is caught in the dream of "the future of Scaling" and "Mass Adoption."

Money printer: A packed Unlock schedule turns Tokens into a constant dumping tool on users.

⚠️ Deadly mistake: Believing that good technology = Token price increase. Reality: Tokens operate on the laws of Supply and Demand, not on Whitepapers or the fancy Code.

📌 Blood, sweat, and tears insight:

In this cycle, it's not all about 'a rising tide lifts all boats'. Whoever controls the supply is the real winner.

🚨 L2s aren't scams, but the way they're 'packaged' for Retail is a massive Exit Liquidity trap.

#OnchainNgam #L2 #CryptoInsight #Altcoin #Tokenomics