🧵 Don’t fall in love with projects during a bull market. Here’s why šŸ‘‡ 🧵
1/ šŸ‚ During a bull run, trash gets valued at $5B–$20B like it’s nothing. Everything pumps sector by sector. New listings launch at insane FDVs. Any ā€œno-nameā€ sale with 100% TGE looks like a no-brainer.
2/ šŸ’ø Stablecoin yields are 20–50% APY. Feels like easy money. But this won’t last forever. Bull markets create illusions of infinite upside — and blind spots for exit planning.
3/ šŸš€ Remember: We’re in the startup market. 99.9% of startups die. Crypto is no different. Forget this — and you’ll get wrecked when the music stops.
4/ šŸ“‰ Take STRK ZK BLAST as an example: • 1.5 years ago — top L2, $2.4B TVL • Today — $64M TVL • Daily revenue: –$46 🤯 They exited in profit at TGE and basically abandoned the project.
5/ šŸ”„ This is the fate of 99.9% of projects. Many teams don’t need to ā€œsucceedā€ — they just need to reach TGE. After that, incentives fade, communities thin out, and the hype dies.
6/ šŸ’” Additional insight: During bull runs, capital flows fast — but it’s momentum, not fundamentals, that drives valuations. When liquidity dries up, these ā€œ10B+ā€ projects suddenly look like empty shells.
7/ šŸ“Œ Don’t get emotionally attached. šŸ“ˆ Take profits. 🧠 Treat every project like a trade, not a religion. Even the ā€œcoolestā€ tech can fade to zero.
8/ šŸ”š In this cycle, the winners won’t be those who ā€œbelievedā€ the longest. They’ll be the ones who stayed rational while everyone else fell in love.
2.23K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.