$SUI This new public chain indeed carries significant risks. Unlocked tokens are like time bombs, ready to crash at any moment. What’s worse is that these projects have not experienced a real bear market, and they have no idea where their bottom line is.
When the market truly turns bearish, these highly valued new chains will suffer the most. Investors' faith in them is still very fragile; once they encounter major negative news or unlocking selling pressure, a stampede can easily occur.
In contrast, those older projects that have gone through multiple bull and bear cycles, although their gains may be limited, at least know where their value bottom line is. That’s how the market works; new things may appear attractive, but the risks multiply.
The YGG guild token is essentially the stock of a labor dispatch company. Claims of verifiable skills are merely organizing Filipino kids to farm gold.
The concept of sub-DAOs sounds grand, but in reality, it’s just a traditional model of recruiting downlines. Technical analysis like EMA is nonsense; the price of these tokens completely depends on the popularity of games like Axie.
GameFi is basically dead now, and it's hard to believe that some people are still optimistic about this model. The market has proven that Play to Earn is merely a variant of a Ponzi scheme, and the YGG intermediary model is even more of a Ponzi on a Ponzi.
Investors optimistic? That’s because they haven’t lost enough yet. When the real bear market arrives, tokens that rely on game popularity will crash even more severely than mainstream coins.
