X @wale.moca 🐳

There is a non-zero chance that ICOs end up similar to how KOL rounds ended up.We had some big Ws early on.This led to everyone (myself included) FOMOing into hyped vaporware rounds.I lost high five-figures in KOL rounds that were delayed by a year or more, rugged, or simply went to zero.I think we are still sufficiently early to ICOs, but the deals will get worse going into 2026 as participation is becoming consensus now.And I'm starting to see similar patterns to those that made me and friends burn money ...