When it comes to the CHZ project, I have pretty mixed feelings. I recommended it before and got criticized; then I said to stay away, and still got criticized. Today, I just want to honestly talk about this love-hate coin.

Having followed Web3 to this point, I’ve seen all kinds of project tricks. Some go crazy with buybacks and token burns to pump the price, while others just focus on building products. But CHZ’s approach really blew my mind—they not only have an unlimited inflation mechanism, but the mainnet is still half-baked to this day. In 2025, 1.9 million new tokens will be minted daily, and the project team just keeps dumping them onto the market. The market cap has plummeted from tens of billions to just over $300 million now. Those who bought in at the top are probably crying themselves to sleep every night.

If this were any other platform, this kind of gameplay would have been delisted long ago. But then again, timing is a subtle thing.

The World Cup comes around every four years, and as the only mainstream fan token on the market, CHZ’s $300 million market cap definitely has room for speculation. But keep in mind, this is purely a sentiment-driven play, not a value investment. If you’re bullish on the upcoming hype, take a small position and sell during the peak. Holding long-term? That’s basically slow suicide.

One more tip: small tokens like the World Cup mascot Clutch might have even more explosive potential. Of course, only play with small amounts—don’t bet your life savings. Remember this: any hype that isn’t product-driven is a game of musical chairs—the last one holding the bag is the biggest loser.