Well, I can't deny that fact that the exchange token that you're trying to highlight in here is really pumping. And that's obvious because we're on a bull run. But once the market starts to shift from bull to bear, we will see how many of these exchange tokens are going to survive. I'm not wishing for that shift but it will come no matter how long we have to wait.
The key question remains: Can exchange tokens adapt and thrive in an increasingly regulated environment, or is BGB's recent performance just a temporary anomaly in a declining sector?
It is temporary and we will still have to see what comes in the future. If something goes wrong like what happened with FTX and its token FTT, aside from the shift of bulls to bears, that's another factor that might pull to its decline.