The Bags narrative appears to be reaching its inevitable conclusion, with substantial casualties looming. While a handful of these tokens might cling to relevance once the hype cycle passes, the brutal reality suggests roughly 95% won't survive the coming weeks. The mathematics is unforgiving here—most lack any meaningful utility or fundamental backing. Anyone paying even casual attention to on-chain metrics and community sentiment would've spotted this trajectory months ago. The question isn't whether they collapse, but how quickly the market reprices them back to irrelevance.