โš ๏ธ ๐—ง๐—ถ๐—บ๐—ฒ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ต๐—ผ๐—ป๐—ฒ๐˜€๐˜ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ฒ๐—ฑ ๐—ณ๐—น๐—ฎ๐—ด๐˜€ ๐—ผ๐—ป @๐—ฐ๐—ถ๐—ฟ๐—ฐ๐—น๐—ฒ

To absolutely no one's surprise, the fundamental issues are catching up. You can't just slap a nice PR layer over structural rot.

On-chain shows a classic distribution phase. We're seeing smart money leaving and fat whales exiting out the back door.

I'll be watching how low $USDC volume goes before the #crypto panic sets in