These three strategies are essentially caused by the same thing: Everyone has a natural desire to play with altcoins, but due to the long-term low success rate of the [long-term altcoin holding strategy], smart people can only try to participate earlier in the cycle. ICO is about participating in tokens earlier; TVL Farming is essentially a disguised ICO, also about early participation; memecoins, needless to say, the core is all about being early, earlier, earliest. And have you noticed? The exit logic for all three is magically identical: Sell to those who only buy after it hits the spot market. From my recent observations, it's a bit unfortunate but seems true: Crypto is slowly shifting from being narrative-driven to purely a game of tokens.