If I had to name the top worst narratives of this season, it would definitely be the Layer 2 projects that have kept people chasing them the most.

$OP

OP

0.2296

-2.79%

$ALT

ALT

0.00942

-3.97%

$STRK

STRK

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The common model is: Raise large capital, list with a cap of 4 to 5 billion $ fdv around 10 to 20 billion, no REVENUE, Layer 2 inflation since the big ARB airdrop. Not only the spot traders but also those chasing retroactive rewards are at the peak.

Now, mentioning altcoins is terrifying.