Most projects won’t make it to the next bull market. This year’s Token2049 in Singapore is just around the corner. Spent a lot of time today looking at most of the tokens in the market, and suddenly came up with a simple and straightforward judgment criteria: If a project’s token hasn’t returned to its price from last year’s Token2049 by this year’s Token2049, I basically classify it as a soft rug. Among these soft rug projects, I think if 3.3% of them manage to bounce back, that would already be pretty impressive. And, there are less than 33 days left for these projects.