To be honest, some projects are really just lucky, riding the wave of the times and creating a product with PMF. Yes, I'm talking about $clanker. But in the end, it will still revert to the mean. No matter how brilliant the product idea is, it can't compete with a terrible team. It's hard to imagine a project like clanker, still valued at 40 million USD while bonk and pump are valued at tens of billions of USD. But to be honest, it really deserves only that much. From the very beginning, refusing to take out transaction fees to do anything, to today rejecting the rainbow proposal. The team simply doesn't care about the coin price; why should they care about the survival of you holders when they can just enjoy the transaction fees? This isn't to say they must accept an acquisition, but if you've followed clanker all along, you'll find that the team's so-called product iteration is just self-indulgence. Anyway, they just lie back and let some transaction fees roll in. To them,...
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