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Dinoswap’s Teenage Crisis: Where do we go from here?

Herbert Eng
4 min readAug 9, 2021

The story isn’t about the performance of DINO as much as it is about how easily and intensely people yielded and capitulated.

In barely three weeks since its launch off the back of much vaunted venture capital support, Dinoswap’s token price has already plummeted by more than 70% from its all-time high.

Its day chart currently looks like this:

Sadly this is all too familiar for us degen yield farmers. These days, it’s not fashionable to be rugged by the developers anymore. Current flavor is to be dumped on by anonymous whales that scalp the price down and exit with everyone else’s liquidity.

If you do not possess a certain mentality in investing, you will tend to believe otherwise and keep looking for evidence to prove your doubts are valid. All of it boils down to the character of the reasons you had when putting money into DINO. The real hustlers and niche carvers that truly believe in its fundamentals will be unfazed by the price action and the public outcry. Everyone else quite simply lacks the spirit of the hustle and the fortitude to take on skin in the game. Unfortunately, those two concepts are alien to…

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Herbert Eng
Herbert Eng

Written by Herbert Eng

Failed startup guy now crypto maximalist. High IQ takes and alpha on GameFi, degen Defi and NFTs.

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