Fragmetric (FRAG)

TVL이 단 1천만 달러로 떨어지고 사용자가 fragBTC 언스테이킹 대기열에 50일 이상 머물면서 Fragmetric을 rug 외의 다른 것으로 보기 점점 어려워지고 있습니다.

1 SOL당 10k Topu NFT 민팅이 경고 신호였습니다 ☠️

(Discord에서 가져온 이미지) https://t.co/9luYD9qu3C

This chart runs through March 31, 2026, so marked to current prices.

95% being underwater in this environment isn't surprising, the whole market is there.

But the FDV collapse on the worst performers is brutal:
→ ALMANAK launched at $90M FDV, now at ~$2.2M, 97.5% drawdown
→ FRAG launched at $125M FDV, now under $2M, 98%+ gone

Retail wasn't getting early access, they were buying exit liquidity.

The valuation was never justified to begin with, weak product-market fit priced as if it had already won.

MetaDAO being the standout makes sense.
High float, fair entry, governance that actually meant something to holders. The structure was just different.

Ignas's conclusion is the right one, lower launch valuations and real token ownership rights. Until that becomes the baseline, this chart just repeats with different ticker names.

나는 2025년에 가장 실적이 저조한 토큰 판매에 투자했다:

- $FRAG을 Echo를 통해 (Legion에서도 이용 가능)
- $ALMANAK을 Legion을 통해

MetaDAO 판매는 가장 좋았으며, Legion은 최악이었다.

간단한 해결책은 없지만 1) 낮은 평가액과 2) 토큰 소유권이 필요합니다. https://t.co/RtBvWgBj1T