As for what’s next maybe something like community quests or proof-of-effort-based launches might gain traction something where people earn allocation based on contribution not just capital but even then the same risks apply if there’s no strong fundamentals or clear utility. At the end of the day the model might evolve but without accountability and real use cases the outcomes will keep repeating. DYOR, stay sceptical during hype and don’t let FOMO override logic.