Irrational exuberance 2024 edition

We're getting bubbly

Some recent examples:

• Heroes of Mavia’s MAVIA token launched last Tuesday, first being price-tracked around $2, peaking at $9.14 over the weekend. It’s now at >$7.

• Merit Circle’s BEAM is up 46% in the past week, now at an all-time-high, with a market cap of $1.4 billion, and

• Immutable’s IMX is up 30% this week, now valued at $4 billion.

None of these proje…