One major reason why retail investors find it difficult to make money in this cycle is token economics Do you remember where cryptocurrencies attract retail investors? If you are honest enough with yourself, you have to admit: The core motivation for you to immerse yourself in the crypto world is nothing more than the desire to invest in a few 10x or 100x coins. But token economics is like a cruel game of hidden rules, a carefully designed retail investor trap: The project team and early investors have an absolute advantage, and when the contemporary coin finally flows into the hands of ordinary investors, you find that the token has already risen and there is nothing left to do. Project teams, venture capital firms, and early-stage investors often have a floating profit of 100-1000 times, but they need enough "leeks" to take over and cash out smoothly. So how do they make retail investors willing to take over? The answer is information advantage and FOMO. You cannot deny that almost all of the coins you were trapped in during the bull market got into the market because of FOMO. Many retail investors are even unwilling to examine the astonishing gap between the initial circulating market value and its fully diluted market value. Many retail investors are not aware that their tokens may have billions or even billions of market value unlocked on them in the future. What disappoints retail investors the most is that when you are confident and carefully select a project with strong fundamentals, high development potential, and a strong team, and now believe that investing in them is leading the market or can bring you several times or even dozens of times more returns, you find that behind its token is a huge unlocking amount and a terrifying completely diluted market value. The cryptocurrency market has finally formed a naked survival rule - a wealth feast of hundreds or thousands of times does exist, but the main position on the dining table does not belong to individual investors. Most of the dividends from token appreciation were already divided among insiders as early as the private equity stage. Unless project parties and institutions are forced to change their predatory token economics designs and break the current rules of the game, decentralized wealth distribution will always be a joke.