#加密IPO热潮#

Is participating in new shares not as good as meditation? Crypto IPO = upgraded version of ICO!

Recently, the IPO craze in the crypto space is as hot as the weather in Shenzhen in August, with retail investors sweating profusely, while the project parties are bustling with activity. Various new projects are being launched rapidly, and "snatching quotas" has become a daily routine for KOLs, with group names even being called "IPO Rich Group". Unfortunately, most people end up as the "IPO Companion Group".
What you think is a new trend is actually just a fancy upgrade of an old trick. After getting tired of ICOs, no one believes in IDOs anymore, so here comes IP-Oooops to harvest another round. This wave of IPOs doesn't talk about company profits, doesn't look at cash flow, but only cares if the narrative is trendy enough. Terms like "modular infrastructure," "new paradigm of re-staking," and "cross-chain ZK convergence" are just fancy packaging phrases to flatter venture capitalists.
The key is that most of these "crypto IPOs" can't even clearly explain their tokenomics. Some project teams are too lazy to write a white paper and still dare to set a valuation of $2 billion, while users are scrambling to get in - you could say it's faith, but in reality, it's the fear of missing out on the next Solana.
Capital looks at the Narrative, users look at airdrops, VCs look at exits, but no one looks at long-term construction. It's like buying blind boxes; the only thing that's certain is the price, everything else relies on luck. Unfortunately, Web3 has never believed in luck, only in capital pools and cyclical laws.
Conclusion: You can participate in new offerings, but don't get carried away. Old wine in new bottles can be more intoxicating, but the cost of waking up is also heavier.