To be honest, lately the Square has been blindly hyping the wrong crowd—it's getting way out of hand around $OPG . Everyone sees a16z and Coinbase Ventures dropping $9.5 million and gets brainwashed into thinking it’s a sure win. Today I have to pour some cold water on it: treating early-stage venture funding as a talisman that protects retail investors from the downside is absolutely the biggest illusion.
I’ve seen this kind of act too many times in the industry. Back then, those multi-million-dollar funding projects—most of them eventually became ghost towns with no users. Institutional money is basically just betting on early tailwinds where AI combines with hardware; they’re not buying into its business model as it exists today, and it definitely doesn’t mean the technology can truly withstand the brutal tests of the real market.
Besides, the landscape in the “jianghu” has already changed. Look at the top players led by Binance—everyone is personally stepping in to integrate the AI compute ecosystem. They have massive traffic and abundant capital, and they can run the business closed loop themselves. How do these solo projects compete for head-to-head fights? The windfall has long been carved up by the giants.
What’s most chilling is the tokenomics trap the market deliberately keeps turning a blind eye to. If you look closely, you’ll find that the team, investors, and foundation all have their chips unlocking in long-term linear schedules, while circulating supply keeps increasing steadily. Even worse, the mechanism doesn’t include any buyback or burn designed to offset the future massive sell pressure.#OPG
This setup is extremely cruel to retail investors. Institutions hold low-cost chips with a clear exit path; meanwhile, we only have narrative—no fundamental support. In the future, with unlocks happening year after year, once the hype fades and there’s no real revenue to absorb demand, capital can take profit and leave at any time. In the end, the ones getting locked in and trapped hard are ordinary bag-holders.
So stay clear-headed: top-tier capital endorsement can at most prove that the team is great at storytelling—it’s absolutely not an invincibility golden ticket. In crypto, what can truly save you is real, on-the-ground revenue and a solid technological moat.@OpenGradient to this day, I haven’t seen killer-level performance. Blindly following along is ignoring the underlying flaws. This round, I’m staying on the sidelines—I won’t be the fool.$ETH
I’ve seen this kind of act too many times in the industry. Back then, those multi-million-dollar funding projects—most of them eventually became ghost towns with no users. Institutional money is basically just betting on early tailwinds where AI combines with hardware; they’re not buying into its business model as it exists today, and it definitely doesn’t mean the technology can truly withstand the brutal tests of the real market.
Besides, the landscape in the “jianghu” has already changed. Look at the top players led by Binance—everyone is personally stepping in to integrate the AI compute ecosystem. They have massive traffic and abundant capital, and they can run the business closed loop themselves. How do these solo projects compete for head-to-head fights? The windfall has long been carved up by the giants.
What’s most chilling is the tokenomics trap the market deliberately keeps turning a blind eye to. If you look closely, you’ll find that the team, investors, and foundation all have their chips unlocking in long-term linear schedules, while circulating supply keeps increasing steadily. Even worse, the mechanism doesn’t include any buyback or burn designed to offset the future massive sell pressure.#OPG
This setup is extremely cruel to retail investors. Institutions hold low-cost chips with a clear exit path; meanwhile, we only have narrative—no fundamental support. In the future, with unlocks happening year after year, once the hype fades and there’s no real revenue to absorb demand, capital can take profit and leave at any time. In the end, the ones getting locked in and trapped hard are ordinary bag-holders.
So stay clear-headed: top-tier capital endorsement can at most prove that the team is great at storytelling—it’s absolutely not an invincibility golden ticket. In crypto, what can truly save you is real, on-the-ground revenue and a solid technological moat.@OpenGradient to this day, I haven’t seen killer-level performance. Blindly following along is ignoring the underlying flaws. This round, I’m staying on the sidelines—I won’t be the fool.$ETH