深潮 TechFlow
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TON Tides Rise and Fall: A Folded Narrative of VC, Exchanges, and Traffic Revelry
Author: Su Yuchen
1. Yescoin and TON's 'Fateful Cycle'
Recently, the incident of Yescoin's founder being taken away by Uncle Hat has caused a stir on Twitter. I remember a month ago, Zhang Chi was still updating his entrepreneurial reflections, while millions of users had also played this Telegram clicking mini-game last year.
Following my curiosity, I discovered that the disclosed information mentioned 'missing the best opportunity to issue coins in May 2024,' which inevitably reminded me of the madness of the TON ecosystem six months ago.
At that time, VCs and KOLs were shouting, 'TON will become the WeChat of Web3.' The myth of 'clicking to get rich' flooded social media, exchanges scrambled to list TON ecosystem projects, and retail investors crazily registered Telegram accounts to 'get airdrops'... But now, Yescoin's predicament acts as a mirror, reflecting the parabolic trajectory of the TON ecosystem from peak to decline...
1. Yescoin and TON's 'Fateful Cycle'
Recently, the incident of Yescoin's founder being taken away by Uncle Hat has caused a stir on Twitter. I remember a month ago, Zhang Chi was still updating his entrepreneurial reflections, while millions of users had also played this Telegram clicking mini-game last year.
Following my curiosity, I discovered that the disclosed information mentioned 'missing the best opportunity to issue coins in May 2024,' which inevitably reminded me of the madness of the TON ecosystem six months ago.
At that time, VCs and KOLs were shouting, 'TON will become the WeChat of Web3.' The myth of 'clicking to get rich' flooded social media, exchanges scrambled to list TON ecosystem projects, and retail investors crazily registered Telegram accounts to 'get airdrops'... But now, Yescoin's predicament acts as a mirror, reflecting the parabolic trajectory of the TON ecosystem from peak to decline...
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.