Blockchain-based coins have lost up to 99.8% of their price after launch

All the projects that launched their tokens starting from January 2024 have reported a strong drop

And the strangest part is that some of them raised massive funding:

$0G — around $359 million
‎$STRK — around $252 million
‎$BERA — around $142 million

But despite all this money, the prices collapsed

This shows that many projects entered the market with wildly inflated valuations, without real demand or sustainable value supporting these valuations

Big fundraising is not proof of success

And the high valuation at launch is often the start of the risk, not an investment opportunity
$BTC $ETH $EVAA
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