High fdv VC project Public sales have been great the last year. $WLFI $XPL both were gigantic multipliers on TGE on size. $PUMP was strong. I don't think this stays the norm. These sales are only good bc there is a marginal buyer on TGE and loads of buy pressure. XPL went -85% in a month, that's going to give some new buyers PTSD. Just like every other high fdv project, I think these will mostly be good for 1 pump and 1 pump only before death.