One of the most under-appreciated problems regarding the "soundness" of blockchain tokens is that they are trivial to create and so everyone does so. A given blockchain token is only nominally distinct from a potential fork of itself that literally creates blockchain money out of thin air.
The bitcoin-cash fork is a perfect example of how blockchain tokens can be trivially summoned out of the void with identical properties to the parent token which spontaneously "creates value" when the sum total value of the fork and the parent exceeds the value of the parent pre-fork. What this tells us is that blockchain markets are very inefficient and the vast majority of money in the system has near zero understanding of the intrinsic properties that underpin the token's ability to even exist as a thing that can be traded on an exchange. Once the market is saturated with an understanding of how these tokens are actually infinitely abundant and not at all scarce as we know it, we are going to see a catastrophic correction.
The bitcoin-cash fork is a perfect example of how blockchain tokens can be trivially summoned out of the void with identical properties to the parent token which spontaneously "creates value" when the sum total value of the fork and the parent exceeds the value of the parent pre-fork. What this tells us is that blockchain markets are very inefficient and the vast majority of money in the system has near zero understanding of the intrinsic properties that underpin the token's ability to even exist as a thing that can be traded on an exchange. Once the market is saturated with an understanding of how these tokens are actually infinitely abundant and not at all scarce as we know it, we are going to see a catastrophic correction.