The last wave was Notcoin (NOT), after which we only found that all projects originating from $TON that had utilities on Telegram were not very good tokens in terms of price and distribution. Look at how Pixelverse (PIXFI) was inconsistent with its initial policy, so the community complained to their X account which caused the account to be lost.
Slowly this hype will fade and then disappear, we can only take the positive and negative impacts of this wave, hopefully it will give more good impacts.
Yeah, the only project so far that's launched on telegram blockchain and was very transparent and there were not much complains from the community cause the price distribution was very okay and lots of people profited from it is Notcoin, I know of someone who got about $12k from mining Notcoin when it launched several other of my friends including me benefited too but since then some other projects that came after haven’t been transparent enough compared to Notcoin, I made a statement in another thread sometime ago that most of these new projects on Ton blockchain are taking advantage of the traffic on telegram to build their community and that's just the fact, that's why you'll see most of them postponing their launch date from the initial date of supposed launch, i agree with you that the hype of these mining projects will slowly fade cause of lately people are getting tired of their failed promises and have begin to label most of them as scam projects.