Is the move down?
The fall of $MOVE hopes to completely end the current pathological public chain/Infra industry chain:
- A few High Profile founders come together to create a grand vision to launch an L1/L2 or Infra that no one can read
- Because they can carry large funds and have low risks, the VCs who over-raised in the last round have invested tens of millions or even hundreds of millions of dollars
- Throw money at recruiting technical teams and ecosystem operation teams to create the appearance that "I'm really actively realizing the vision I promised".
- Continue to expect PUA wool party through airdrops, spend money to sign TVL deals, and create false data booms
- Relying on resource blending and wool party data for the first time, the ecological data took a sharp turn after the issuance of coins
- Capable projects stabilize the price of the currency through MM, and dump tokens through OTC and other ways to extract the already tight on-exchange liquidity
- Incompetent projects start at the peak and work their way down to zero
It is undeniable that there are many public chains/infra that are "doing things well", but due to the current situation of the industry, even if many teams have good intentions, they will inevitably be coerced into this industrial chain at some stage.
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