Is there any point holding exchange tokens long term?

In the bull run a number of exchange, CeFi and DeFi tokens were top performers seeing extremely large runs. Generally called a utility token.

The underlying thinking being they have a clear use, or benefit. That when the exchange becomes a large player the token value will only go up.

BNB and UNI were good poster child's for this. They both had stellar runs in the early days of the bill run.

Now, I think exchange tokens are really in the spotlight for being securities and we've seen a number of companies either cut them off or start walking them back.

UNI is a good example, as previous benefits for holding it never materlised. Some attribute this as to not gain attention of regulators.

CRO we see CDC starting to seperate out the DeFi and perks around the token to its core business. Insulating it, but also killing off value for holding CRO.

FTT was declared a security by SEC.

So not great in terms of outcomes but that could be said for a wide variety of tokens.

Still a large number of utility tokens out there.

Do people see utility tokens as having a future?