2Z token is bleeding without conducting an airdrop ($1.1-$0.08)

Aztec is also ripping without allocating any airdrop
oh yea don’t forget zama did no airdrop and sold token at an high valuation despite raising $130m at $1.2bn valuation
fails to list above the valuation and goes for low float ($400m fdv)
Espresso conducted a 10% airdrop and public sale at a ridiculous valuation despite raising $60m+ from VCs couldn’t launch at $1bn (trading at $200m fdv)
so my main question is what’s really happening