Few primary investments that require lock up can ultimately outperform BTC, and the fundamental reason is related to attention. The attention grabbing ability of altcoins will only continue to decline after TGE, so most paper wealth will have to be discounted by one or even two times Attention is focused on obtaining buying opportunities. There are many major milestones that can attract attention for projects in the Pre TGE stage, such as financing news, concentrated airdrop activities, and announcements on the stock exchange. Each project in the Pre TGE stage is striving to set the opening price. However, as we approach TGE and beyond, the most attention grabbing opportunity for projects is only after 3 days of opening, and for most projects, it becomes difficult after TGE exceeds 3 days Either there is no money to cause trouble, or there is no ability to cause trouble. There is a positive correlation between wealth and ability. For example, @ KaiaChain's ability to cause trouble and make money is indeed quite strong. Recently, I saw that they have also launched an ATM (DaWinKS DTM) that can withdraw cash through the Kaia chain offline in Korea, thus spreading Kaia's USDT on the chain to various offline store usage scenarios The likelihood of this kind of activity being widely spread to other project parties is very low. The stablecoin and RWA businesses are profitable, but project parties without resource capabilities are unlikely to succeed