Backpacks chart is a prime example of why we should get back to the low fdv style launches instead of being 10 private rounds deep and launching a token as exit liquiding at a valuation of a bazillion
ETHs ICO was at $0.31 (!!!)
Even while it is not the best blockchain, it is still up there as one of the top tokens, because of the wealth effects and the culty following
When your users print for believing in you, you build the most unbreakable core group of users one could ever wish for