Known: 1️⃣ alpha and the spot market capitalization are inverted 2️⃣ alpha has a high market cap, and everyone is betting it might go to spot My brain cells are insufficient, brother. Is this reasonable? A healthy structure should be: 1️⃣ Spot market cap is much greater than on-chain 2️⃣ Excellent projects on-chain should still have a second phase even if they drop after going to spot Otherwise, how can it continue? I can't figure it out.