Actually, many project teams are feeling pretty awkward right now.

During the bull market,
they stubbornly refuse to release anything,
engaging in crazy hype and PUA tactics,
but suddenly when the bear market hits, they’re left dumbfounded.
The problem is,
if they don’t release during the bull market, people think they’re just pretending,
but if they do release during the bear market, everyone feels like they’re just here to pump and dump.
So just look at Backpack to see what’s happening.
They hold back during the bull market,
but when the bear market comes, they end up launching the BP.
So the most painful question right now might not be “Should we issue tokens,”
but rather, if this bear market really extends to two or three years,
how many of these project teams will still be around for the next bull run?