BTC and ETH have been rallying over the past few weeks.
Yet despite BTC hitting all-time highs, Web3 gaming funding has dropped to 2019 levels, back when BTC was under $10K.
What will it take for Web3 gaming to rise again?
61 hours since $PUMP launched.
No airdrop announcement.
Dev wallet selling.
Price back to launch levels.
A shady partnership with Mario Nawfal that ended in a scam.
What went wrong?
The Pumpfun Presale Through My Eyes - From the Founder of IOSG
Jocy, founder of IOSG, stated that the Pumpfun team has amassed huge wealth through fees, and this ICO is more like a final "exit liquidity" event. In the current market environment where buying power is severely insufficient, such a high valuation cannot be sustained at all. This stands in stark contrast to the valuation support logic of Hyperliquid.
This public fundraising is a highly speculative gamble. The funds invested should be risk capital that one can afford to lose entirely. It is advisable to wait for the token to trade on the open market for a week before making a decision, to observe the real market reaction.
Read more https://t.co/e7ToqeedJJ
🦊 GuildQB × Inazuma Capital
@inazumacapital
Partnering to power Web3 gaming × memes!
✅ Mog Coin VC support
✅ New meme-token × game use cases
✅ Full-stack partner support
More👇
https://t.co/3ywKPACyOW