The bear market is tough—no liquidity, no wealth effect. As the narrative transitions to value capture, most governance tokens won’t survive. Those projects that managed to hold on until now and are forced to issue tokens without any ability to capture value are destined for a rough ending. Statistically speaking, selling as soon as you get them is probably the best move. Just like in a bull market when everything skyrockets, during a downturn, the harder you try, the more unlucky you might feel. I’m not lucky enough to buy assets at their absolute bottom, and my judgment isn’t great either. So I’ll just stick with Bitcoin, live my life, and wait for the next wave—it won’t be too far off.