Thoughts on current onchain market. ➡️ I've been back in the trenches for over a week now catching up, and it's truly wild to see OGs shilling sub 100k projects and excited when one hits a million. I have nothing against them, but I could have never imagined it. I also have no issue with hustle and people making money, but we've definitely reached a new low, and what's worst is most don't seem to notice. ➡️ Theres still runners out there, but there's no telling when these things just dump to shit for no reason. Used to be there was a reason for selling a good project. Sensible projects with use cases can't even get a nod from anyone relevant, and the more honest, the developer, the less people want to buy. Scams are knowingly bought over these for a quick buck. The people have been eating retard sandwiches ffs. It's pure fucking chaos and it's mostly only the scammers, serial launchers, and tax farms making money. The voices of reason that know how to make money have left the space, are ignored, or have given up on it. ➡️ Another concern for most is that there's zero guarantee that an alt season is on the horizon and that on-chain liquidity comes back. Dont get me wrong, it could, but on-chain is behaving worse than the peak bear of 2022. I see most people behaving like we're at peak fear when #BTC is at ATHs. ➡️ You can sense the lingering question in eveyones minds. Hell, you can smell it. "Is onchain gutted until next cycle or worse?" We'll see. 👀