Arthur Hayes says high-FDV tokens no longer pump on Binance

The Flop Labs CEO argues VC presales have abused tokenomics at retail's expense, and pitches a 100% fair launch as the fix Arthur Hayes has a message for the token launch playbook the industry has run for years: it’s broken. The Flop Labs CEO said high-FDV, low-float tokens no longer pump on Binance. He also argued that crypto has abused tokenomics through venture capital presales that leave retail investors holding the bag. Some quick vocabulary first. FDV, or fully diluted valuation, is what a token would be worth if every token that will ever exist were already circulating.