📊 Market Reality Check
Top projects from last cycle down BAD from their peak valuations:

• Scroll (SCR) –99.54%
• Boba Network (BOBA) –99.26%
• Fuel (FUEL) –99.25%
• Polyhedra (ZKJ) –99.05%
• StarkNet (STRK) –97.51%
• Wormhole (W) –96.99%
• Magic Eden (ME) –96.70%
• HashKey (HSK) –96.46%
• Mocaverse (MOCA) –90.23%
• Immutable (IMX) –88.23%

From billion-dollar valuations… to almost zero.
Even Tier-1 VC backing couldn’t save them post-TGE.

Market doesn’t care about hype.