According to @AveryChing, after the 2012 Facebook IPO, the stock price fell by more than half and many people left, while he stayed due to conviction in the product and team and continued executing for years (source: @AveryChing on X, Aug 31, 2025). For traders, this first-hand account highlights that severe post-IPO drawdowns can occur even in category leaders and frames volatility as a test of conviction rather than an immediate exit signal; the post is retrospective and does not provide asset-specific guidance or mention cryptocurrencies (source: @AveryChing on X, Aug 31, 2025).