You are a little bit too much pessimistic in my opinion. Fun token team is doing token burning every 3 months, and more and more tokens are burnt each time. They don't plan to stop burnings while high returns investment plans on Freebitcoin and Binance won't last forever. So at some point, maybe in few years, FUN token value will start to mecanically appreciate. Speculators will FOMO on it and the price could pump heavily when it will happen.
They have not done any burns for this past quarter yet, despite being 20 days into a new quarter. On Telegram they announced that they’re considering stopping these burns. With their new CEO trying to pivot towards other areas besides gambling it does make sense that they would stop doing burns. Burning was always tied to gambling profits, but now there will be more of an emphasis on growing their market cap with diverse use cases.
I don’t know how successful the new CEO’s efforts will be, but it’s clear the previous strategy was not working. The token has lost substantial value and left many with a deeply underwater investment.
Didn’t know they had a CEO but hopefully he can turn it around and create some more value again. The token value has only been dropping so they needed to change up things.