Evidence from 2022 strongly supports Jason’s prediction of a “big shakeout” in crypto, especially for projects that had not delivered real products.

• Market-wide collapse & loss of interest: In 2022, total crypto market capitalization fell from roughly $2.2–$2.3 trillion in January to under $800 billion by year-end, a drawdown of about 65%, with analysts widely referring to it as a severe “crypto winter.” This coincided with declining trading volumes, reduced retail participation, and a sharp drop in speculative interest.
• Failure and collapse of many projects: 2022 saw high‑profile blowups (e.g., Terra/LUNA ecosystem, Three Arrows Capital, Celsius, Voyager), plus numerous smaller tokens and DeFi/NFT projects that either effectively died, were abandoned, or lost most of their value when they couldn’t sustain user adoption or deliver on promised roadmaps. Many tokens without shipped, sustainable products went illiquid or near‑worthless, and investors largely rotated attention and capital away from such projects.
• Funding and VC pullback: Venture and speculative funding into crypto/web3 peaked around late 2021 and early 2022, then contracted significantly through the rest of 2022, with multiple reports noting that investors became far more selective and skeptical, particularly of projects without clear product-market fit or shipped products.

Jason’s prediction was qualitative, not about a specific token, but about a broad shakeout where non‑shipping projects would lose value and investor interest in 2022. The documented crash, widespread project failures, and funding pullback in that year match this pattern very closely, so the prediction is best classified as right.