Recently, old project teams have been sighing over Alpha project teams. The latter can achieve such a high level of token concentration and then go do things like Siren, Aria, and Rave. Normal VC projects can't pull this off, and the old projects can only watch helplessly, unable to sort out their tokens. Of course, if all projects concentrated over 95% of their tokens and went to exchanges to do this, exchanges would really turn into industrial parks.