We’ll see if the cycle holds true for tokens or LLMs specifically, but for sure there is a larger “new sexy tech” cycle with a strongly emotional output===outcomes metrics irrationality phase to it.

It may well be that tokenmaxxing does not make sense. I don't think people were tokenmaxxing in some kind of compulsive urge to pursue a release of pent up tokens which were making them token horny, followed by post-token-usage clarity as the release of pent up tokens returns them to a baseline mental state. The analogy doesn't make sense.