Jesse
Jesse|Aug 17, 2025 06:47
EOS raised $4 billion in an ICO back then, but now the token's market value is only $900 million. On the other hand, Bullish, a company funded by this money, successfully went public with a valuation of $12 billion and also cashed out over $1 billion in cash - however, these have nothing to do with EOS holders. The executives went one by one to buy luxury homes worth billions of dollars Another project Story, the founder used the money from a big VC to launch a 3 billion valuation slogan and created a useless ghost chain. TGE soon gave an award speech to start a new project. Watching a few idiots kneeling and licking below, even though I have seen many such cases, I still feel disgusted. These are just a microcosm of the ordinary long and short cycles in the cryptocurrency industry.
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