Scarcity adds value; in the past, the effective listing of coins on BN was mainly due to the rarity of meme coins and low-quality coins. Even if the TGE is large, there was enough fundamental support for the long-term price trend. However, due to early exits by VCs, one could pick up quality projects cheaply, such as $SOL $MATIC $NEAR , but now, even though there are undervalued GEMs everywhere, they are overwhelmed by too many low-quality coins and the early release of ecosystem tokens by project teams, leading to significant selling pressure from VCs on their long-term holdings. Good projects have also been dragged down by the bad ones.

It's like playing a game with four teammates who always feed; even if you are Faker, you still have to lie down.