X @Wu Blockchain

Token issuance failure rates have reached record levels.At the EthCC conference, 21Shares researcher Darius Moukhtarzade stated that the core issue lies in the "low circulating supply, high fully diluted valuation (FDV)" model prevalent in 2024-2025: an initially small circulating supply drives up the price, followed by a concentrated release of internal unlocking pressure, creating selling pressure that retail investors cannot absorb, leading to a downward "death spiral."He proposed a sustainable token eco ...