Price dies in the gap between story and settlement. I missed most of the WLFI saga, but one thing is obvious from a distance: people keep longing tokens that advertise the runway. The moment a project gives the crowd days or weeks to ponder, brief, align narratives, and pre-position, the outcome is almost predetermined. Time is the enemy of asymmetry. When participants have time to think, FOMO dies; and for truly outsized moves, FOMO isn’t a side character….it’s the engine. Surprise compresses decision-making; delay expands it. Compressed decisions create chases; expanded decisions create committees. If you need a calendar and a consensus, it’s wont be a melt-up. Expectation is the other killer. Expectations are never met in the way they’re imagined, and the delta between story and print is the most dangerous spread in markets. Price dies in the gap between promise and delivery because that gap is pure FUD premium, paid in exits. Markets don’t punish lies as much as they punish disappointment. No FOMO plus unmet expectations equals exits. I hear the counter: “They’ll crime it up.” Maybe. ...