Recently, I've noticed that a certain popular token's brand buzz has dropped significantly. The impact of previous major events has been far-reaching, and the newly launched tokens not only lack premium valuations—the prices on trading pairs are even declining, which amounts to true "breaking the issuance price."
This made me think of a question: shouldn't the primary market pricing pay more attention to secondary market feedback? If the initial price strays too far from market expectations, it easily becomes a situation where you're just talking to yourself.
At its core, secondary market prices are simply the result of investors voting with their wallets, representing how much real capital everyone is willing to put in. This vote never lies.
Conversely, those tokens or assets that can be produced quickly and at scale fundamentally lack any real scarcity. I can't understand why people still speculate on such things, and I'm even more puzzled why anyone is willing to pay several times the price to take over the position. Perhaps this is the eternal mystery of the market.
I've seen plenty of IPO flops, but the real issue is those level-one players are still dreaming.
It's just another game people play with themselves. Should've been looking at the secondary market long ago.
Scarcity? Ha, when the money printer starts running, who cares about that stuff anyway?
Bag holders are bag holders. Nothing more to say.
Wallets don't lie, but people do.
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ContractCollector
· 01-09 21:15
It's such a harsh crash, those primary market valuations are really ridiculous.
Wallet voting never lies, that statement really hits the mark.
Expecting something with unlimited inflation to appreciate, you'd have to be pretty out of it.
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ForkThisDAO
· 01-08 20:50
It broke, which is typical. Those guys in the primary market have ridiculous valuations, and the secondary market immediately exposes them when it dumps.
Wallet voting never lies, that's absolutely true.
Scarcity is all manufactured by people anyway. The fact that fast-produced stuff still has people taking bags, I'm genuinely impressed.
This market cycle is exhausting me. Feels like everyone's just pumping air.
Recently, I've noticed that a certain popular token's brand buzz has dropped significantly. The impact of previous major events has been far-reaching, and the newly launched tokens not only lack premium valuations—the prices on trading pairs are even declining, which amounts to true "breaking the issuance price."
This made me think of a question: shouldn't the primary market pricing pay more attention to secondary market feedback? If the initial price strays too far from market expectations, it easily becomes a situation where you're just talking to yourself.
At its core, secondary market prices are simply the result of investors voting with their wallets, representing how much real capital everyone is willing to put in. This vote never lies.
Conversely, those tokens or assets that can be produced quickly and at scale fundamentally lack any real scarcity. I can't understand why people still speculate on such things, and I'm even more puzzled why anyone is willing to pay several times the price to take over the position. Perhaps this is the eternal mystery of the market.