I honestly think $PUMP TGE changed the game in a way most people haven't really even noticed yet
I think there's a good chance we will no longer see the traditional "low float, high fdv, longer vesting" method of VC extraction that we saw all of last cycle
Instead, I think seed rounds disguised as ICOs where everyone has a "fair chance to get in early" will be the new meta
For example, instead of a project raising $5m at a 100m fdv for a project that goes live at $5b fdv a year later with a circulating market cap of $200m and the rest of the tokens for a few years
Maybe we will just see that same project raise $5m on MetaDAO heavily oversubscribed (50m, 100m, 200m) so that most of the allocation ends up going to VC/liquid funds that committed a much larger amount than your average market participant is capable of doing
Now VCs get their tokens with no vesting, the token launches at $100m fdv with plenty of upside, but your average retail trader won't want to buy because they assume they are "late" to that coin since the ICO was so successful
But in reality, VCs probably filled say 50-90% of the ICO, and they are now free to MM the coin to $1b+ fdv or however high they want to bring it before they start marketing it to normies to buy
Retail has wised up to the whole low float high FDV grift that most VCs love to use when extracting from retail at the picotop
But ICOs have been dead for years, and with the rise of Pumpfun and other launchpads that have produced successful "startups" like Zerebro + GOAT during the whole AI boom, why wouldn't VCs want to adopt the same "fair launch" strategy for themselves to use on a much larger scale?
This "fair" ICO strategy is the best path I can see for a proper alt season like we all want, and I think @MetaDAOProject is doing a great job lowering the barriers to entry and making this strategy widely accepted and streamlined to where it becomes the new pipeline for successful altcoin TGEs
The next "zero to hero" generational wealth launch probably won't be on Pumpfun, but I think there's a good chance that it could be on @MetaDAOProject
Cautiously optimistic and very excited to see how things unfold in 2026
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