"Overvalued, overvalued, overvalued 😂
My newsfeed is flooded with bearish posts, saying this project and that project are being priced too high.
$STRK, $ARB, $OP - layer 2
$SUI, $APT, $TIA - layer 2
All are around ~7b market cap, meaning 5-7 times the private round valuations of Tier 1 VCs.
Solana also once received severe criticism from Eastern Laos and international CT. From 5u down to nearly 1u, then back up to 3u => The entire community cursed it as overvalued.
The story after that, everyone has seen. $sol, $near, $ftm, $avax, $luna, and dozens of other L1, L2 tokens all went to the moon.
Developers, MM, VCs of any project all want to dump. But to dump, there must be liquidity. To have liquidity, there must be marketing. And there's no better marketing method for a project than pumping.
$NEO, $XLM, $XRP
$ETH, $SOL, $DOT, $AVAX
$TIA, $SEI, $SUI, $APT
want more examples?"