Trader Eugene: Altcoins that have seen a 80-90% drop in price since launch are approaching fair valuations

Trader Eugene Ng Ah Sio wrote on X: “Few people understand that for the protocol you like or are optimistic about, every unlock is a bullish opportunity, allowing diamond hand participants to accumulate more tokens. The problem only arises when the token you are optimistic about is worthless or considered worthless, which is unfortunately the case with 95% of existing protocols. For many altcoins that have fallen 80-90% in price since launch, I think their valuations are gradually approaching reasonable levels.”