Fundamentals and thesis-driven investing can conflict with short-term liquidity considerations in the crypto space. Successful teams need to consider both aspects to make informed investment decisions. Thorough research into the fundamentals, revenue, token burns, and market timing is essential, but it must be balanced with liquidity concerns and market efficiency. Many founders tend to focus solely on the product without giving sufficient attention to the token, which is a separate entity requiring its own roadmap. It is crucial to achieve product-market fit before introducing a token to ensure successful scaling and avoid neglecting either the product or the token.

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