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The Layer 1 project Scroll, which secured $83 million in funding in 2023, recorded only $376 in on-chain revenue in the last 24 hours.
This number is a bit eye-catching. The narrative at the beginning was as hot as the current data is cold.
The unspoken truth within the circle—many high-valued projects maintain a facade before the TGE, and everyone tacitly agrees not to poke through it. When the tokens are unlocked, the market votes with its feet, and the real situation will come to light.
Some teams have already cashed out and left the scene, living a different kind of life.
As for the participants? Wipe away the tears, adjust your mindset, and prepare for the next round. After all, this market has never lacked new stories; what it lacks is the ability to discern the truth from the false.
Data speaks, but many times we choose to be selectively deaf.
The once favored has now become a cautionary tale
Another illusion before the TGE, waking up
Cash out's cash out, Be Played for Suckers' Be Played for Suckers, we are still entangled in whether to hold or not
Where's the next "must-rise project"? I'm already prepared to be fooled
Honestly, this circle is always like this, human nature.
The prosperity before the TGE is all an illusion, those who understand, understand
Another round of Be Played for Suckers performance, the next Scroll is already in financing
At first, it was all grand narratives, now no one is even picking up the phone, hilarious.
It's just another wait for TGE to Be Played for Suckers rhythm, same old routine.
As for Scroll this time, it's just that the superficial work is too much.
Really, this circle survives by telling stories, data is not important at all.
The team has long run away, while retail investors are still dreaming.
$376, not even a rounding error, what a joke.
Those who understand, understand, and those who don't can continue to look for the next "story."
I'm just watching and not saying anything, after all, the suckers will end up the same.
Back then, they were boasting so much, and now they don't even have a voice.
This is web3, the story is always worth more than reality.
The trap of cashing out and rug pulling, I’m so tired of it.
Another master storyteller, the data is right here, and yet there are still people who believe.
It really relies on novelty to prolong life, when this round is over, the next round will follow.
I should have seen it clearly, but I just can't bear to part with that bowl of soup.
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It's that old script of showing off before TGE and blowing up after TGE.
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I saw through it long ago, the problem is nobody wants to see through it.
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Suckers will learn after being played for suckers again, anyway, there's another Scroll waiting.
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The data is there, but we all like to deceive ourselves.
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The cash-out team has long been laughing to the bank, while retail investors are still waiting for a rebound.
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It's really ridiculous, 376 in 24 hours, how many years will it take to recoup investment?
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A classic case, everyone was optimistic during financing, but no one uses it after launch, it's that simple.
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I just want to know what those VCs are thinking now.
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No matter how well the story is told, it can't compete with the reality of the data.
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If I had known, I wouldn't have believed in that set of false prosperity before TGE
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Selling early is regrettable, holding until now is even more regrettable
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What can I say, anyway, the team that should cash out has all run away
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Another new narrative is coming to save me
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Data won't lie, but we are pretty good at deceiving ourselves
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83 million dollars in financing in exchange for a list of regrets
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Wait, is it possible that Scroll just hasn't To da moon yet?
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I knew it would be over the day of TGE, I could see through it
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This is called circle Consensus - everyone knows it's fake, but no one breaks this situation