As a blockchain developer who’s seen more pump-and-dump cycles than I’d like to admit, I watched AirSwap (AST) spike 25% in one snapshot—only to cool down. This isn’t just price action; it’s a mirror reflecting how fragile crypto momentum really is. In this deep dive, I break down the real story behind the numbers: low volume, high volatility, and a governance system that still feels like it’s running on fumes. If you're chasing quick gains, think again. If you’re building for the long game? Let’s talk about what actually matters—liquidity depth, on-chain participation, and whether DAOs are ready for prime time.