Movement raised 100 million USD in funding at that time, with a valuation skyrocketing to 3 billion, but now its market value has plummeted to just a fraction—400 million, wow, a shrinkage of 86%! Berachain is even more absurd, 142 million USD poured in for a valuation of 1.5 billion, now directly slashed to 200 million, this curve is more thrilling than a roller coaster. Babylon initially exchanged 70 million USD for an 800 million valuation, now it has a market value of 100 million, this bubble is so inflated it makes me want to call the police. The most outrageous is EigenLayer, 160 million in funding for a 1 billion valuation, now the market value is 90 million, not even worth a broken bone!

Now I have two big question marks in my mind:

Did institutions really throw so much real money back then? Could it be that they were just cooking the books? These valuation numbers are more fictional than my cousin's Honor of Kings rank! Is this operation deliberately inflating valuations to cut the leeks? First, they draw a big pie to lure retail investors in to take over, and then the big players cash out and run? This scheme is more skilled than telecom fraud!

Look at this decline, Movement dropped 86%, Berachain plummeted 87%, Babylon fell 88%, EigenLayer crashed 91%—the four brothers all dropped over 90% in perfect unison, this math problem is giving me a headache. Now, if anyone tells me that the imitation season is coming, I will directly throw the calculator in their face! I've seen through it: there are no myths in the crypto world, only leek boxes, and the kind that have been chopped to pieces.