If the cryptocurrency world completely turns into a large-scale PumpFUN, then there will be no FUN.

If there is only PVP, then it is not surprising that a black swan appears:

1. PVP kills retail investors first

2. Then kills the project party: it is difficult to be listed on an exchange, and it is even more difficult after listing, and issuing coins means death.

3. Then kill VC, and there is no hope for the high-valuation infrastructure projects to be untied

4. Then kill the exchange - retail investors are gone, liquidity is poor, income is reduced, and it may be repeatedly hit by supervision.

5. Then kill the miners, and bankruptcy continues.