The issue is that capital is being diverted by extractors into fabricated, short-term coins. These projects are net-negative for most participants, essentially preying on the vulnerable. We used to have good times when people did actually get rewarded for holding these. During micro and macro metas. I think there is one we get for agentic commerce sooner or later, I can see it in the trends outside of the ct bubble. In general though I think if we want to have anyone build in this space we have to back these projects - as long as they align with the token ofc.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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