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.
