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The token-launch game no longer works; future tokens have only ways to survive

At a time when token-launch factories such as Pump.fun have pushed token production and dumping processes to the extreme of industrialization, and retail investors' holding periods have sharply contracted to being “measured in seconds,” the crypto industry is undergoing a brutal clearing of misconceptions: creating a token has long become extremely cheap, but building a durable asset worth holding for more than 1 years is becoming increasingly difficult.

Source: https://www.panewslab.com/zh/articles/01a19a1b-7faa-70cb-a0e0-5ab10822c897