> unfortunate souls who are speculating on it since they don't know better.

Yes, but its seems that every day, it's some other coin. At some point, the money has to run out.

> Also a huge % is probably held by a small amount of early adopters who whale that coin up so it seems more valuable and has more perceived trading traffic

This sounds far more likely.

>"At some point, the money has to run out"

That only applies to usefull things, like infrastructure and industry. When it comes to speculative s financial assets, oyr capacity to fund them is virtually unlimited

I don't think you can buy Chia yet. I hear people are using their spare storage space to farm it. I imaging lots of torrented movies have been sent to the recycle bin recently.