The three major hotspots in the crypto space recently, be careful of the "last hurrah"!
"MicroStrategy-like clones" are rushing to go public
A bunch of companies are learning from MicroStrategy, lacking any legitimate business, relying solely on buying Bitcoin to ride the hype and boost their stock prices. Essentially, it's just a way to exploit retail investors' FOMO towards BTC for cashing out.
USDC issuer Circle is going public, valued at $7 billion
The growth of USDC has already slowed down, and there are no new stories in the stablecoin market. Rushing to go public at this time clearly indicates cashing out at high positions; don't be fooled by the "compliance" halo.
Pump projects are raising $1 billion in air financing, valued at $4 billion
With hardly any lines of code, they first raise huge amounts of money to issue coins, a typical bull market trick — using money to create hype and attract buyers. In the last round, such projects ended up at zero.
The truth:
These operations are very similar to the tactics at the end of the last bull market (refer to the trend after Coinbase went public). Capital is wildly packaging stories to offload; if new funds don't follow, it could completely cool off within 5 months. Remember: those who die at the peak of a bull market are the ones who thought it could keep rising.
