route

AI is in both goodbye letters this week. neither chain died of AI😄

harmony: seven years on mainnet
- August 12: an exploit mints nearly 4 billion unauthorized ONE, about 26% of supply
- August 17: chain rolled back to August 11, 109,126 regular transactions erased to undo it
- the proposal now: chain off, snapshot, ERC-20 on ethereum. non-binding, 7-day intro, 14-day vote
- and September 10 is already the date to get out of the contracts. exits open before the vote even CLOSES
that's the cause of death. AI-video is where the team goes next. different sentence

router: more than four years building bridges
- their own words, the honest bit: compressing fees against costs that never sleep
- tried to sell it, license it, get bought. none reached an outcome that sustains a protocol team
- money going to AI is in the letter too, as the excuse
cause of death: no buyer

now the holder side, because that's the only side i'm on:
$ONE becomes an ERC-20 on ethereum, snapshot, same addresses, no claims
the chart did -2.9% on the week, and the bag survives the chain
ROUTE: 303,333,198 burned from the treasury, about 30% of supply, CEX delistings on the way
September 30 and it's over. about 50% down in 24 hours, all-time low $0.00003970. nothing to migrate

one team pays validators a $1.372 million pool to switch off nicely. the other sets fire to its own treasury)

i don't know what to do with "old chain" as a category any more. seven years and it's one vote away
i guess check the wallets from your first cycle before someone else decides for them. no idea what else

which fossil is still in your wallet? drop it in the comments, i'll collect them in one list and we'll see which one dies first😁
like if this was news to you. follow for the next one, from a guy who can't name every chain he holds)

#one #route

Not financial advice.

🚨 $ROUTE CAPITULATES TO AI SHIFT WITH FULL SHUTDOWN AND 30% SUPPLY BURN 🔻

The harsh reality of the current market cycle just hit cross-chain infrastructure hard. $ROUTE is officially winding down operations after bridge fees collapsed and capital migrated aggressively into AI narratives, proving once again that even big-name backing cannot save a dead business model. 📉

To wrap up, the team is executing a final burn of 303.3M $ROUTE tokens—roughly 30% of max supply—while coordinating platform delistings. 📊 It is a stark warning that smart money follows real fee generation, and holding zero-revenue infra is a fast track to holding air. ⚡

💬 Are you clearing out failing infrastructure tokens, or trying to trade volatile delisting spikes? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #ROUTE #Altcoins #CryptoNews #TokenBurn #Delisting

🔻 🩸

🚨 $ROUTE WINDS DOWN OPERATIONS WITH A MASSIVE 303M TOKEN BURN ⚠️

Infrastructure capital is aggressively rotating into AI, squeezing cross-chain protocols out of market liquidity. 📉 Router Protocol has announced a full operational wind-down, executing a permanent 303.3 million $ROUTE token burn to reduce total supply by 30%.

Despite historic backing from major venture funds, structural revenues failed to keep pace with validator overhead and declining bridge yields. 🔍 Centralized exchange delistings are now being coordinated, signaling an abrupt end to the protocol's order flow profile.

This structural failure highlights a broader shift in institutional liquidity toward high-yielding sector verticals. 💬 Will this supply contraction create a final speculative exit pump, or will order books dry up instantly? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #ROUTE #Crypto #DeFi #Altcoins #MarketUpdate

📉 ⚠️

🚨 $ROUTE PROTOCOL SHUTTING DOWN OPERATIONS AS TREASURY BURNS OVER 300M TOKENS! 📉

Capital rotation out of cross-chain infrastructure into AI assets has compressed protocol revenue across legacy bridges. 🔍 $ROUTE is officially unwinding operations, triggering exchange delistings and a massive treasury burn of 303 million tokens.

From an institutional order flow perspective, relentless fee compression and liquidity concentration are forcing unviable protocols out of the ecosystem. 🏦 Holders must manage order book liquidity carefully and execute asset withdrawals well ahead of final exchange delisting deadlines.

🤔 How are you reallocating your cross-chain infrastructure exposure as capital shifts toward emerging AI sectors? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #ROUTE #CryptoNews #DeFi #Altcoins #MarketUpdate

📉 🛡️

Router Protocol shuts down, burns 303 million ROUTE tokens

- Router Protocol, backed by Coinbase, will cease operations.
- The company tried to commercialize, license, or find a buyer for its technology but was unsuccessful.
- As a result, 303 million ROUTE tokens will be burned.
- The RSS source has not provided additional details about the timing or process of the token burn.

#BinanceSquare #CryptoNews #ROUTE

$route

#vlikevn #Titanbot

Source: The Block