For a long time, I suddenly remembered we had that big name, Aleo. The coin with gud tek, raised by top VCs at sky-high valuation, but nuked straight from TGE. Fewww… that’s not the only one. So here’s my brain dump that you might wish you had taped to your screen before bidding into the “big brand, big FDV” wave. ▫️ $ALEO is a ZK-privacy L1 with nearly $300M raised and multi-billion FDV at launch. Then rug-gravitied to cents as inflation/emissions met a thin app layer. Without a killer private-by-default use case driving fees, the tokenomics (block rewards + high FDV) did the chart no favors in a risk-off tape. ▫️ Layer 2 coins are a must-mention as useless coins. – $STRK opened with a huge community distribution but wrapped in a low-float/high-FDV shell plus a long unlock runway. – $ZK turned into the mother of all day-one sells. ~17.5% of total supply unlocked with no vesting meant a huge immediate supply shock. Never really re-rated as folks modeled the 21B total supply and limited direct utility. – $LINEA big ecosystem backer, but the token design leaned heavily on incentives and governance while gas stayed in ETH. ▫️ $W is a massive brand with $225M raised then walked straight down. Classic overvaluation + structural sell pressure story. Low float vs huge FDV, no public sale, and the early float couldn’t support that sticker price once sellers arrived, even private round buyers are underwater. ▫️ $BERA came in hot with PoL memes and a giant pre-launch funnel. Incentives brought bees, but you still need organic stickiness once emissions fade. Alpha I’m trading from this: → FDV discipline beats hype. If float’s tiny and unlocks are heavy, respect the cliff and just farm the incentives. → Fee-path or nothing. Tokens that don’t capture usage struggle once points stop printing. → Airdrop structure matters. No-lock, wide drops bring users, then bring sells. I’d rather buy after claim exhaustion than on day one. Anyway, if you’re still holding these coins, what catalyst do you think could actually bring them back?