no one’s going anywhere trying to bring others down take the ai arms race taking place globally for instance Deepseek’s emergence as a competitive OS player has prompted the US to consider making it more difficult for Chinese players to get their hands on chips that they need

the new "down only" L1 launches have performed as such because the structure of the token launches weren't built to serve short-sighted traders they are built to serve a market that is 100x, even 1000x larger over a longer time frame

the crypto native layer has already internalized onchain crime and how it is a net-negative for the space (i.e. failed ICOs, pre-sale rugs, luna collapse etc.) but new-comers are just starting to grasp the parabolic upside of token launches the last few months of

becoming increasingly convinced that protocol tokens with optimized economics will emerge as winners when the environment improves + taking note of any signs of stabilization during this bleed-out

noticing a concurrent trend this cycle a peak in new token launches a few weeks ago after the Libra fiasco has prompted investors to desire a return to non-memetic, innovative projects this requires more diligence and analysis to identify tokens that will appreciate in value

the market is pricing in the fact that Trump’s promises have been underwhelming there has been significant progress on the regulatory front, but the structure needed to support the next incremental buyer is lackluster at best most discourse on alts includes support for tokens

the people saying there are less people eating out, spending money on clothes etc. have been saying the same thing for years btw

this is the most likely end-state for token launches a formalized process will come about with a market structure bill and bring in sell-side banker-esque entities the missing pieces (i.e. market sounding and book building) that allow for healthy price discovery, will

differences between ecosystems going forward won't be technical distinctions (i.e. performance and privacy) as performance commoditizes, ecosystems will be defined by their philosophical principles Hyperliquid --> user-centric + revenue-generating protocol that directly

the confluence of an exponential bid from the suits and attractive crypto assets from their perspective is emerging operate within a framework they understand, or quickly fall through the cracks

this is likely one of the most common pitfalls traders in crypto experience a trader buys a coin when its distressed or at launch, holds it through price discovery and then sits on a large upnl this strategy isn't sustainable in crypto as the bid for tokens tends to trend lower

gm

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