For me, sometimes a hype could be a good factor against what we enter project that it might could be a good trend in crypto. However, not all times is like what we want it to be, sometimes the hype could be a trap for investors because it could give massive attraction and many would like to join to it as it's gonna be successful like what's happen to a squid token project, then all of a sudden it turned into a scam. I pity those who enter immediately for an investment.
I have seen that most of the time a hype project become scammed .You have mentioned such a project named in squid though its not familiar to me but its still a hype project which has scammed out with your information .However a solid chain hyppe and well established project get hype and its a reality that it will always become a huge project which have future .I think i can give a example that SOL is a good project people were starting to grab it as we have seen a huge hype behind that at the this is a good project and it has real hype which helps the investor and trader to get a huge return .On the hand if we fall into a meme coin and those project which has not any concept on crypt it might be scammed we need to avoid this project .I think that's how we can avoid the hype trap .