2026-01-06 09:26:44

Recently, there have been many funding news reports. Some projects go through multiple funding rounds, with valuations often reaching hundreds of millions, but what’s the result? No product shadow at all, and the whitepapers are just the same old story with different packaging.

It’s really a bit ironic. This routine is just like those unscrupulous intermediaries in real life—once they take the money, there’s no follow-up. Project teams raise funds based on concepts and stories, investors are fooled, community users are exploited, and in the end, everyone loses.

It’s not all bad news, but there are indeed too many air coins and rotten projects. Hopefully, the ecosystem can wake up a bit and stop letting these speculators continue to harvest the leeks. Web3 was originally a good thing; don’t let it be spoiled.

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AirdropHunterXM

· 01-09 09:26

It's the same old story again, with financing numbers getting more and more exaggerated. What about the products? None.

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SerRugResistant

· 01-09 06:55

The funding rounds are severely mismatched with product progress, which is ridiculous. They disappear right after raising money, classic move. They can reuse the white paper, who are they trying to fool? Right now, this ecosystem is full of funding news and few real products. How are investors still falling into the trap? Honestly, I find it a bit hard to understand. Web3 has been turned into something like multi-level marketing by these people, it's really ironic. A billion-dollar valuation with zero products—this math just doesn't add up. They’re harvesting profits so blatantly, and people are still throwing money in.

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SellTheBounce

· 01-09 05:10

The more funding rounds, the more dangerous it is. This is the most accurate curse I've seen. Another round of bagholders is born, history always repeats itself. Changing the color of the white paper counts as an upgrade? I'm tired of this trick. It's about time to clear the field; there are too many bad coins. Every day hearing stories about fundraising, but what about the product? Insiders should have already left.

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PortfolioAlert

· 01-08 18:14

The more funding rounds, the more suspicious. I'm really tired of this. --- Whitepapers are all copy-pasted. Who still believes them? --- It's the same old trick to fool retail investors, endless. --- A product valued at billions with no shadow? Isn't this just a game of musical chairs? --- Why hasn't the project team been interviewed yet? That's outrageous. --- Stop hyping Web3. It's just an upgraded version of musical chairs. --- Funding news is everywhere. Where are the truly usable products? --- These pump-and-dump coins will crash sooner or later. The early runners are the smart ones. --- Taking the money and running— isn't that just like a scam? --- I just want to know who is still buying into these trash projects.

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down_only_larry

· 01-06 09:52

No matter how many funding rounds you stack up, without a product it's all for nothing.

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PretendingSerious

· 01-06 09:46

The funding rounds are completely disconnected from the product development progress, which is the most ridiculous part.

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BlockchainFoodie

· 01-06 09:46

honestly this is exactly like a restaurant with zero-day-old ingredients claiming michelin stars... all hype, no proof-of-freshness whatsoever. the whitepaper reads like a recipe that's just salt water renamed lmao

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AirdropDreamer

· 01-06 09:40

Valued at over a billion, and there's not even a demo. This is just too outrageous.

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TrustMeBro

· 01-06 09:27

Rong's multiple funding rounds have valuation exceeding one billion, but there's no product. I've memorized this script already.

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