80% of new tokens bleed out within 90 days and most dump 50–70% from launch.

Meanwhile billions flow into crypto IPOs + M&A.
Protocols are PRINTING revenue and their tokens are still down BAD.
• $PENDLE → down 75% but generating real yield flows
• $HYPE → $475M revenue engine
• $ENA → SaaS model spreading across crypto
• $UNI → $400M+ in fees
• $AAVE → half a billion in fees
And yet, they’re discounted like they’re useless because most tokens are structurally broken.
The gap between a good project and good token is where money will be made this cycle.
Study the ones building REAL systems now.