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This version of the airdrop, I finally get it, having paid so much tuition fees
Retail investors love seeing lockups?
Project teams maximize lockups to the extreme—team locks, investor locks, locked for at least a year, surface chips stable as can be
But the chips truly circulating, truly able to dump, were never on the surface from the start
First witch hunting, then rat warehouse dumping, the project team is the real "liquidity provider" this round
Drop one more round of ads before the airdrop, throw in some cash plus tokens, paired with Season 2's hometown-don't-leave storyline, those with sentiment who won't dump end up holding bags at the peak 🙃
Most people's logic is:
High control + Low valuation = Safe bottom-fishing zone
But the market's answer is:
High control means you're just the final layer of bag holders
As for price support?
Once chips are fully transferred, price support itself loses meaning
S2 seems more like extending the narrative cycle, rather than changing the ending; starting a new project is the optimal play