Has the move calculation failed?
The downfall of $MOVE hopes to completely end the currently pathological public chain/Infra industry chain: - Several high-profile founders come together to create a grand vision, launching an L1/L2 or Infra that no one can understand - Because it can carry large funds and has lower risks, VCs from the last overfunding round rush to invest tens of millions or even hundreds of millions of dollars - Spend money to recruit technical teams and ecosystem operation teams, creating the appearance of "I am really actively realizing the vision I promised" - Continuously use airdrop expectations to PUA wool parties, spend money to sign TVL deals, and create false data prosperity - Rely on resource blending and wool party data to debut on major exchanges, after issuing tokens, ecosystem data plummets - Projects with capabilities stabilize the token price through MM, and extract already tight on-site liquidity through OTC and other explicit or implicit methods - Projects without capabilities peak at the start, then go all the way down to zero It is undeniable that many public chains/infra are "doing things well," but due to the current industry situation, many teams, even with good intentions, will inevitably be swept into this industry chain at some stage.
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