Hot take: In 2025, we’ve perfected the most sophisticated money-making machine: • VCs enter at 1/10 to 1/4 of launch FDV + seed liquidity • Founders risk none of their own capital • Money flows into devs, influencers, CMC, events, market making, etc. • Airdrop farmers fake product metrics, then sell on day 1 • Short sellers win • Token slowly bleeds to zero The only rule? Don’t long at TGE. Wow.