What if we look at it from a different perspective—@LIT@ started with a valuation far below 1 billion and gradually rose to its current position, what would the situation be like?

This actually reflects a real issue: when a project launches at an excessively high valuation, early investors find it difficult to realize profits and cash out. Only when they truly secure their gains can new funds be attracted in the subsequent stages.

In comparison to the logic of traditional stock market IPOs, newly launched projects should start with a more reasonable valuation. This not only provides early participants with enough upside potential to profit but also leaves room for later entrants to participate. However, many crypto projects are going against this trend, resulting in low interest from new investors—after all, nobody wants to take the last baton.