Many tokens with genuine potential crash to zero—not because of fundamentals, but because collective psychology takes over. Once people start doubting whether someone's actually backing it or if everyone's just waiting for the next guy to move first, conviction collapses. The self-fulfilling prophecy kills it.

Here's the thing: maybe 1 in 100 million tokens can actually thrive without real thesis behind them. The rest? They need a reason to exist. A purpose. A clear narrative.

Stop chasing what others are chasing. If you can't articulate why a project matters—beyond "someone said it'll moon"—you're already late to the game. Have conviction. Have a thesis. That's what separates actual bets from gambles.