CryptoD: The essence of the Bags model is to transfer risk to the market. I am optimistic about AI projects that grow together with the community.

Odaily Planet Daily reports that trader CryptoD posted on the X platform stating that they recently suffered losses in the Bags project. Bags has issues such as over-reliance on news sentiment and unstable personality of the creator. Many projects on the platform are from well-known Web2 teams that are unable to secure funding, and they consume attention by packaging narratives in Web3, resulting in limited growth potential. Essentially, this model shifts risk onto the market rather than standing with the community.

CryptoD believes that AI projects on pump are different from this; most start from a very small scale, with projects, narratives, and products built and grown together with the community. Projects that can grow alongside the community are the true model needed in the cryptocurrency space.