I suspect that big corporations and big investment firms are pumping a lot of money into the cryptocurrency space to prevent innovation and to encourage scams in order to discredit the space. They want to buy it up, hype it up, then dump their bags on mom-and-pop investors while attempting a controlled demolition of the space.

This might sound far-fetched to outsiders, but not so far-fetched to those who have worked inside the industry and seen the waste. I've seen obvious shitcoins repeatedly succeed while legitimate tokens never get any attention. In this industry, you can feel the unlimited currency coming straight off the money printers. It's just like Wall Street Bets in reverse except it's worth over a $ trillion and they're going after regular people instead of big hedge funds.