The green in the crypto markets isn't rational - ''tokens'' pump high on mainnet news or other foundational developments, with the idea of: "this can potentially attract utility in the future". Haven't we learned anything? Is it because of the easy accessibility to low liquidity/small cap assets? Are we set to experience the same hopium pumps as in late 2017? Have three years been to short to expect anything more mature? When I ask these questions I talk about the crypto market in a whole - not about the few outliers - because general assessment still seems based on the ''moon'' and ''partnership'' mentality.