I think it is more than just weak hands; I think the market is not able to recover because it is exchausted. I think it needs time for it to recover again; so project should be self sustainable now.
Now, during this long bear market, it will be really important that projects be economical with their funds. Only the best projects with a convincing idea and a strong team will survive this bear market.
I think that's clear enough for project teams to understand the basics of economics when it comes to spending in this critical period, they should focus more on creating value around the brand by implementing essential parts of the brand, its really needed, as that will give the community the feeling that the brand is alive and well, which is what cova is doing
Yeah, it should be clear for projects during this time that they have to spend their funds wisely but apparently, there are already projects failing to do so. For example, SirinLabs (the ICO that had Leo Messi as their marketing ambassador) which raised more than 158 million USD and now only got enough funds left for 6-12 more months of operations.