While many companies might have had meteoric share price evaluations, over the last year and a bit, that hype has cooled with many shedding up to 90% of their evaluation.
This sounds really similar to what happened with Coinbase stock when it went public this past year or so. It was pretty disappointing, and I am glad I didn't end up buying any at the launch.
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Remember to always sell the hype and buy the FUD :)