Do Crypto Tokens Really Need Fundamentals? The Brutal Truth in 2025

Memecoins mooning. Utility tokens tanking. The market's sending mixed signals—so what gives?

Fundamentals vs. hype: The great crypto delusion

TradFi analysts keep screaming about 'intrinsic value' while degens get rich flipping JPEGs. Meanwhile, projects with whitepapers thicker than Warren Buffett's annual report can't break $.02.

The cold hard metrics that (might) matter

TVL? Tokenomics? Team credentials? The market's voting with its wallet—and the results will shock fundamentalists. Recent data shows top-performing assets had either viral community growth or... absolutely no discernible utility.

When the music stops—who gets rekt?

Sure, fundamentals eventually matter. Just ask the 2017 ICO corpses. But in a market where 'number go up' is the only theology that matters, maybe the real fundamental is liquidity itself. After all, Wall Street's been running on greater fool theory for centuries—why shouldn't crypto?