I discussed this with friends in the group for quite a while: dYdX treasury staking has exceeded 100 million DYDX; tens of millions of repurchased tokens have entered, and delegations from 5 validators have been wiped out.
The narrative has gained another brick, but only real buying pressure makes the price count.
After being in crypto for a long time, you realize there is still a layer of capital between news and price.
$DYDX currently at 0.1162.