VIKTOR(@thedefivillain):Everyone being giga bullish on a project before its launch usually means that it won't be a great long trade. I am thinking about stuff like Monad, EigenLayer, Berachain The huge upside has been captured in the private market. Then it launches at high valuation, and the only thing you can do is provide exit liquidity for all the people that got in on the private market. Think about the highest ROI tokens we've had, ever. They have never been giga hyped before launch, right ? Then of course, this all depends on launch valuations. Hyped projects that launch in shitty conditions could become good longs ( $ZRO, $ZK ?). But a general rule for me is that overhyped projects won't give interesting upside.

2024.07.06 18:35

Everyone being giga bullish on a project before its launch usually means that it won't be a great long trade. I am thinking about stuff like Monad, EigenLayer, Berachain The huge upside has been captured in the private market. Then it launches at high valuation, and the only thing you can do is provide exit liquidity for all the people that got in on the private market. Think about the highest ROI tokens we've had, ever. They have never been giga hyped before launch, right ? Then of course, this all depends on launch valuations. Hyped projects that launch in shitty conditions could become good longs ( $ZRO, $ZK ?). But a general rule for me is that overhyped projects won't give interesting upside.

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