$MITO is down 50% from TGE.
TGEs in Crypto are getting more and more scary.
There are essentially two ways currently to have a successful TGE:
-> Become a "cool" Token
Essentially holding $HYPE now or $SOL in 2024 was a cool trade.
Same goes for $PENGU currently their approach is to make it appealing to a lot of people so a lot of people are involved and eventually talk about it.
-> Hype & revenue meta
The truth is 99% of people don`t care about the product but if you have an actual working product which brings in revenue it could be successful (e.g $HYPE)
Also Hype and Marketing plays a crucial rule I almost haven`t noticed that Mitosis launched.
Even though $PUMP is currently down it was up 50% shortly after TGE because everyone was hyped.
I feel like $PUMp has the chance to be one of the next Tokens and that`s why I am invested :)
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