Many founders in web3 including myself echo this sentiment. Itās a big problem because youāre essentially āgoing publicā right after seed in a space where gamblers with no risk management frequently go all in at an unsustainable price outside your control, fueled by peak speculation.
In my early 20's, the token I launched hit $1B and went down just as quick. I feel as if I'm in a unique position to relate to how Jeffy felt.
We were a very small team with pure, honest intent. We built something that everybody loved, we were dominating for a few months, and then the token price flipped.
The amount of personal attacks, death threats that my wife and I still get now, 3 years later is beyond comprehension. We never rugged, we never stole money, we never hyped people to buy the token. We have never stopped shipping products for a single day.
The stress, anxiety and borderline depression that the hate caused still has weight today. I am more reserved publicly than ever before and I can confidently say that without my wife I don't know where I would be right now.
To go through the highest-highs and lowest-lows, where people told you that you were a genius and a scammer just 1 week apart... is not something I wish upon and builder.
I look back on those moments fondly now, because I have the blessing of hindsight and I have learned many lessons - but every single time I see a token or project follow this EXACT path, I can't help but wonder "how does the founder feel? I hope he is able to sleep tonight."