#加密IPO热潮#

The heat of crypto IPOs, VC's dream of wealth vs retail investors busy picking up the pieces?

The rhythm of this Crypto IPO is simply crazier than Dogecoin in 2021: as soon as the project goes live, KOLs take turns to hype it up, "strategic financing" turns into "community IPO", and retail investors are highly enthusiastic, as if missing out on this wave would mean missing out on life.
But calm down, brother, do you really know what you are investing in? The logic of the primary market is as follows: project valuation relies on narrative, issuance depends on "private placement whitelist," and retail investors make purchases based on "imagination." What you see are impressive fundraising documents, while VCs see an exit channel with a 20x return in advance.
Don't be brainwashed by "decentralized IPOs"; in reality, it's just a way for VCs to exit with the last batch of retail investors. This issuance rhythm seems fair, but in fact, it creates a divide: the price that ordinary people can buy at has already been eaten up by institutions in dozens of rounds, and by the time it’s your turn, all that’s left is "sentiment + taking over".
Of course, it's not to say that all IPOs are bad; it's just that when crypto IPOs become a trend, beliefs will be sold as commodities. Some project parties even stated, "Not raising funds feels disrespectful to this industry."
Conclusion: Financing is a good thing, but transparency is more important. When an IPO looks like a celebration, I ask you, are you standing in the banquet hall, or are you the main dish being served?