An L2 leader valued at $8 billion, yet it can collect only a few thousand dollars in on-chain fees each day. That’s already absurd enough. But what’s even more alarming is that the team itself seems to be losing confidence.
The founder is publicly considering breaking away from Ethereum and becoming an independent L1. Rushing to switch tracks just as L2 projects are collapsing one after another isn’t some technological leap—it’s a desperate escape after the narrative has fallen apart.
They’ve abandoned the entire foundation, and now they’re heading straight into a massive unlock of 127 million tokens on October 15. With just $160 million in actual TVL across the entire chain, who’s going to absorb all that selling pressure? Chasing the rally here is simply volunteering to be exit liquidity for institutions. Shorting into strength is the clear-eyed move for anyone who sees what’s really going on.
#以太坊ETF连续9日净流出 #STRK $STRK
#LUMIA $LUMIA
👇
The founder is publicly considering breaking away from Ethereum and becoming an independent L1. Rushing to switch tracks just as L2 projects are collapsing one after another isn’t some technological leap—it’s a desperate escape after the narrative has fallen apart.
They’ve abandoned the entire foundation, and now they’re heading straight into a massive unlock of 127 million tokens on October 15. With just $160 million in actual TVL across the entire chain, who’s going to absorb all that selling pressure? Chasing the rally here is simply volunteering to be exit liquidity for institutions. Shorting into strength is the clear-eyed move for anyone who sees what’s really going on.
#以太坊ETF连续9日净流出 #STRK $STRK
#LUMIA $LUMIA
👇