2026-01-18 12:32:29

FRAX and similar established cryptocurrencies have been exposed for their套路. Every time, it's about first hyping up the buzz and attracting retail investors to buy in, followed by a long downward cycle. Some even end up being delisted from exchanges, leaving investors with nothing.

Thinking carefully, how many such projects have appeared in the crypto space over the past few years? Claiming to be innovative, but in reality just changing the surface without changing the substance. Truly technically advanced projects with practical applications are rare; most are just following the hype. From token issuance to the fade of popularity, going through a complete cycle, and then seeing how many survive — the answer is often disappointing.

This is also why market participants are becoming more cautious. Those who have experienced several cycles understand that choosing projects isn't just about hype and stories; you need to look at the team, fundamentals, and whether there are real users. Otherwise, chasing gains today could lead to being trapped tomorrow.

FRAX-7,62%

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MemeTokenGenius

· 3h ago

To be honest, the FRAX scheme is really old and worn out. The bagholders have finally woken up, but it's a bit late. That's how the crypto world is—90% is just air, and the remaining 10% is still telling stories.

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HashRateHermit

· 7h ago

Basically, it's a game of hot potato—whoever catches the last stick is doomed. I used to follow FRAX too, but now it's all tears. That's why I only look at the code and user numbers now; no matter how good the story sounds, it’s useless. Anyone who experienced 2018 knows the tricks are always the same. But to be fair, truly good projects do exist; it's just too hard to find them among a bunch of shit coins. Those that survive three cycles are basically halfway to winning.

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WalletInspector

· 23h ago

To be honest, it's about time to reflect. After being cut multiple times, the mentality has become numb. There are too many projects with huge losses. Now, I stay away from new narratives. Chasing hype = losing money. This lesson is deeply ingrained, right? Reading whitepapers is less meaningful than looking at real user numbers. There are too many fake coins.

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AirdropHarvester

· 01-18 13:02

Really, after chasing the crypto market for years, I finally understand this trick. The bagholders' retirement homes have long been full. A bloody lesson indeed. Are there still people staring at the heat maps and buying every day? I dodged the FRAX wave, but all my friends went in. They're still on the phone now. When choosing projects, you still need to look at the fundamentals. Don't just listen to stories, or you'll end up wasting your money. Coins without actual user support are doomed to fail sooner or later. That's a rule. Wake up, everyone. Only a few people can make money in the crypto world. Most are just being harvested.

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OffchainWinner

· 01-18 13:02

I've heard too many stories like this, really. FRAX should have gotten off long ago. People still chasing hype deserve it. Honestly, it's just lack of fundamentals, all storytelling. Why do people keep rushing forward? Watching the team is much more reliable than watching Moonshot. Those who experienced 2017 should understand.

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PebbleHander

· 01-18 13:02

To be honest, I'm afraid of being cut, now everything looks like a leek-cutting trap.

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BitcoinDaddy

· 01-18 12:55

That’s too harsh, you should have woken up long ago --- Is it this set again? Really tired of it --- A bloody lesson, who still chases these crappy projects --- Talking about fundamentals is good, but most people just don’t listen --- FRAX? I haven’t touched it for a long time, the lesson was too deep --- This is the state of the crypto world, the leek will never be fully harvested --- Only after experiencing it do you understand, now I am much more cautious --- Leeks generation after generation, cycle after cycle --- How many truly good projects are there? They’re all just storytelling --- If I fall into the trap again in this cycle, I really have nothing to say --- Retail investors are life, chasing highs is a fate

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PanicSeller

· 01-18 12:48

Honestly, I'm tired of this routine of cutting leeks. With bloody lessons in front of us, there are still people rushing forward one after another, truly. Having a reliable team is the key; no matter how good the story is, it's useless. FRAX? Haha, another "revolutionary" thing, let's wait and see what happens next. Really good projects have already been in the hands of users; there's no need to shout about it every day.

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Rugman_Walking

· 01-18 12:37

Honestly, FRAX this time is just outrageous. How loud they hyped it up before, and now what's the way out... A painful lesson: don't just focus on the hype, look for real value and tangible assets. I just want to ask, how many people are still bottom-fishing these "innovative projects"? Same old tricks, new chives, the cycle never stops. Wow, it's the same routine again. Wait, where are the real users?

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