The R/R in ICM/Believe Eco projects are massive across the board.

Why? It’s the 2017 ICO Boom all over again.

Many continue to fade Solana as only being a casino. While that has been the case for a while, there are now a tsunami of projects launching with REAL revenue-generating products, REAL teams with REAL-WORLD experience, and REAL disruptive potential.

Projects like $PVS, $KNET, $DUPE, $KLED, $CDB, and others are shining examples of this.

Many are fading this entire ICM narrative. I think that’s the wrong move. Glad it’s not a crowded trade. It’s the perfect mix of fundamentals, meme/community, and culture.

The US is creating regulatory guardrails for on-chain businesses that ENCOURAGE building in this space.

Launchcoin have created guardrails to protect traders/investors and builders. The incentives to build/trade in this niche are better aligned.

Highly credentialed Web 2 builders and entrepreneurs are coming into this space in droves eager to build something great.

Short term price action is noise. Projects with anon devs and building for the sake of building are dead. The next step for this industry is to have real world impact. Some projects are already doing that right now.

Some ICM projects arguably have much better fundamentals than some nine-figure utility projects on ETH.

ICM projects are what ETH utility was supposed to be. This entire narrative is about to explode. Projects using revenue to buy back tokens off the open market will likely send first.

We aren’t wrong to believe in the ICM meta. There’s a lot of value and innovation being created but the broader market doesn’t see it.

But it will. We are simply early.