Comment by BenoitEssiambre

Yup, intrinsically worthless tokens engineered to have better than market risk adjusted, liquidity adjusted real returns compared to real productive investment will always be unstable and fluctuate wildly as they get more popular. This is a direct result of physical limits of production. As people hoard worthless tokens, their price increases and people hoard them even more instead of investing in real businesses with real production capacity. Eventually production capacity drops which means there is less things to buy with all the tokens. Stockpiled tokens chasing few goods means prices will rise (tokens will lose value) potentially suddenly as people try to get rid of them all at the same time before they're completely worthless. The cycle then repeats. When savings or financial promises are insufficiently tied to future production or to accumulation of real goods, it's always a ponzi scheme.