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The dumbest thing our space did was convincing founders that giving up double 10%+ of the network, for free, was a good idea.
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Bitcoin ETFs gets a couple hundred million dollars of daily inflows and literally no one cares anymore. $IBIT now 8th largest iShares product for @BlackRock
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There's a reflexive reality now for assets that are value accretive like HYPE & AAVE whereby investors have to keep increasing allocation over time because the decay function for other alts is so egregious. This reinforces the idea that top-blasting is worth it.
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We must find and focus group every buyer of CRCL and figure out how to convince them to buy our bags instead.
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Crypto V2 is fully underway and a big part of that is the big fund massacre. Crypto funds are a dying breed and we are very much past the beginning period. I wish you, all, good fortune in the wars to come.
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Hyperliquid now solidly ranked number 8 in FDV terms. At $61+, assuming no change to USDC, Hyperliquid would get to number 7.
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