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.

๐Ÿ“Š 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.

โš ๏ธ 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.

๐Ÿ“Œ 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.

๐Ÿšจ L2s aren't scams, but the way they're 'packaged' for Retail is a massive Exit Liquidity trap.

#OnchainNgam #L2 #CryptoInsight #Altcoin #Tokenomics