Few first-level investments that require a Lock-up Position can ultimately outperform BTC, and the fundamental reason is related to attention. The ability of alts to attract attention will only continue to experience downward movement after TGE, so most paper wealth will have to be discounted by one or even two times.

Attention 🟰 Seizing the opportunity for buying pressure. There are many key nodes that can attract attention during the Pre TGE phase, such as financing news, concentrated airdrop activities, and announcements of listings. During the Pre TGE phase, each project is working hard to determine its opening price. However, as we approach TGE and after TGE, the best opportunity for projects to capture attention is only within the first 3 days of opening. After 3 days post-TGE, it becomes difficult for most projects.

Either you have no money to cause trouble, or you have no ability to cause trouble. Money and ability are positively correlated. For example, @KaiaChain indeed has strong capabilities and cash flow; recently, I saw that they have launched an ATM (DaWinKS's DTM) that can withdraw cash through the Kaia chain offline in South Korea, thereby expanding the use of Kaia's on-chain USDT to various offline store scenarios.

For tasks like this, the likelihood of other project parties being able to scale it up significantly is very low. Stablecoins and RWA businesses are areas where profits can be made, but project parties without the resources and capabilities are unlikely to succeed.