tbh when u look at some of these valuations it's pretty obvious why crypto alts behave the way they do

Blackrock: 152b

ETH: 290b

Airbnb: 80b

SOL: 76b

Jollibee: 4.4b

PEPE: 4b

Jetblue: 1.4b

ARB: 1.4b

i'd say crypto is a success at making magic money real tho