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