On March 1, 1confirmation founder Nick Tomaino issued an article on the X platform saying that in the past ten years, the crypto team has raised a large amount of venture capital, and subsequently carried out large-scale token lock-in, small float and vigorous marketing to manipulate prices and FDV and attract retail investors. There is no doubt that there are other insider games, such as paying market makers creating liquidity or just deliberately conducting insider bidding on tokens, but the most basic "crypto VC" script is: -Raise more than $100 million and hype the deal through wonderful narratives; -Launch blockchain; -Distribute 50%+ tokens to insiders; -Create a total supply of more than 100 million tokens; -Unlock 20% or less of the total supply when tokens go online;- Implement large-scale paid marketing campaigns. Feel free to comment on the script, but the fact is that it works so well, with 4 of the top 10 tokens in market value executing the script and creating more than $250 billion in value. Looking to the future, the biggest question is whether this model will continue to work. But based on the recent bid up and sell-off of Memecoin, it seems that there is still a long way to go.