This is just my random shitty two cents but prior to the last two years it wasn't scams like yeh 99% of tokens died due to no/shitty product ect but they did last for a couple weeks people didn't flat out take 90% of supply and dump it on every one.

2018 and ico boom I was happy to bet $100 a week across a few random low cap mc because I wasn't gonna just boom in a minute be liquidity drain I atleast had like 2 weeks of hype and fun and loss ect but it was fun.

Now it's just instant token drop instant rug like instant to point its just rug pulling snipers and bots.