
The author anticipates most Token Generation Events (TGEs) will fail in the coming months, citing a "Burj Khalifa" chart pattern for $XPL that could lead to instant selling and a lack of future buyer interest. This pattern is compared to $STKR and $ENA in March/April 2023, which reportedly drained all liquidity. Investors should be cautious with new TGEs and projects exhibiting similar price action.