HIGH FDV COINS, THE ICARUS MYTH OF THIS CYCLE

Summary from the TLDR Crypto newsletter

Crypto projects launching with excessively high fully diluted valuations (FDVs) often face a quick downfall. Factors like anchoring bias, inflated VC valuations, poor incentive structures, and token distribution create imbalances between early investors and public buyers. The lack of genuine price discovery harms the project's chance at long-term success. Avoiding high FDV launches, raising VC funds wisely, and ensuring product-market fit before launch can help mitigate these issues.