Hunter Dilba

A few days ago, I was helping Ahmed fix his point-of-sale system. The system was wheezing through every old transaction like it was nearly five years old.
I asked, “Why don’t you switch? It’s five minutes to download a new payment app.”
“It's not that simple,” he said, still typing without looking. “I have three years worth of supplier settlement templates. I have thousands of loyalty members. I have audit trails to 2023. Sure, the app install will take 5 minutes, but changing the entire structure of my business is two weeks of downtime I can’t afford.”
That's when It clicked.
In business, the ultimate moat is not the shiniest new product. It’s the ugly, painful, and sticky webs of habit that are hard to change.
That’s exactly the perspective I’ve used to understand @Plasma

Plasma has been pretty quiet for a while.
If there silence for 72 hours on the main account for a project, obituaries get drafted. If there is no update week after week on any type of incentives, the K-line bleeds 10 points. People fight against human memory by spamming messages, and the K-line just bleeds.
In the meantime, the quietest projects are the ones that are doing the most. From the outside, it is basically a developed state of rigor mortis. I see it as some sort of solidification. This is because 2 variables are silently curing below the surface.
The first is YuzuMoney. In 4 months it has locked 70 million USD in Southeast Asia’s most cash-hardened territories. These are not yield-chasing hot money. This is working capital from real SMEs that are finally pulling their ledgers into the digital century.
The second is Mass Pay, a payment orchestrator that is set to grow by 286% in 2025 across 230 jurisdictions. It is now integrating Plasma as its default USD settlement rail.
Let that settle.
Plasma is not focused on winning the mobile home screen placement. It is focused on winning from the default dropdown.
And default choices reserved are never unfixed. Much like Ahmed's wheezy POS terminal, when an enterprise integrates MassPay into their treasury thinking, the cost of exiting is no longer a question of dollars and cents. The cost becomes an operational risk.
That kind of ToB stickiness creates a loyalty that no airdrop farm can hope to replicate.
Currently, $XPL is sitting around $0.09. The market seems to be pricing its silence as a vacancy.
Everyone is looking for a steep adoption curve, but no one wants to sit through the gross linear phase that comes first. The market seems to be penalizing Plasma for a narrative that prioritizes short, frequent updates over real development.
The belief is centered around late 2026.
When the cash economy's digitization becomes a regulatory requirement rather than an experiment, the infrastructure will be chosen. However, it will be chosen by default. By that time, Plasma will be a part of what is already established.
My own position is straightforward.
I don't follow the loudest voices, I follow the certainty that, once a road is established, there will be no alternative routes.
If you try to determine a better path for 'what is', you will struggle with a slow and ugly process with the necessity for maddening patience.
But the fact is - when you reach a threshold with certain merchant accounts, it is impossible for you to return to the previous state again.
After this point, the other end of the market will be bound to change from a state of active disregard to a state of active engagement.
In this case, it doesn’t make sense to worry about where the microphone is.
In this business, the most valuable partner is often the one who is, so to speak, the most invisible. While everyone else is securing the job of their dreams, this partner is unwinding the retrofitted global plumbing and setting the road for the rest to simply be there.
#Plasma $XPL @Plasma

For the last couple of hours it feels like I was waiting for another world dinner to finish. People from the traditional finance world, like I saw them in crisp suits and shiny shoes. The sort of room where you hold off on saying “pump” or “moon”, so you don’t get written off as a tourist.
These sort of people don’t speak about money. They speak about asset allocation. They won’t trade. They deploy strategically.
There, certainty and durability are the most important.
As I sat with my drink, I couldn’t help but think about the chaos of crypto Twitter–the memes, the raids, the machine of hype. Then it hit me. That giant gap between the two rooms is where @Vanarchain has been quietly repositioning itself.
Almost everyone else saw February 10 as yet another day of community maintenance.
They figured running giveaways on Binance Square, and flying executives to Dubai for AIBC Eurasia was the standard, and the sort of promotions that are just “checking a marketing box”.
The reality is much weirder and deliberate.
Vanar is trying to break through the membrane that has been suffocating Web3 for years: The boundary between blockchain crypto-native noise and global decision-maker signals.
Why pursue the legal route instead of focusing on the loyal?
Because screaming into the void has less and less effect. Vanar’s current play is two pronged but not in the way most people think.
For the Binance Square track: keep the credibility. Take advantage of Binance's halo, do the community giveaways, keep the community engaged. This is meticulous work. It shows to the inner circle that the project hasn’t completely stalled.
However, the biggest play is in Dubai with the think tanks, policy makers, institutional investors, and AI infrastructure people. Vanar is not in the business of selling a token, he is selling an idea: Persistent AI Memory.
You can see a deliberate choice in language.
While people at Binance Square are concerned with $VANRY valuations and airdrop eligibility, in Dubai the discussions are on the panels of responsible AI, immutable decision logs, and verifiable inference trails.
Vanar aspires to be the first Web3 player in the new AI infrastructure. That type of prospective positioning is more important than any testnet milestone.
Now the unpleasant part: none of this is reflected in the chart.
Price hovers between $0.0083 and $0.0087. Market cap sits at roughly $16 million. Another 10% bleed overnight.
It's interesting to see what terminal velocity compression looks like in macros. Positive catalysts, like the Dubai presence and the AMA, do nothing. Off-chain capital stays frozen, and stays paralyzed, watching.
Vanar is in what some might call an infrastructure vacuum period.
The thesis believes there will be an inflection point during the second half of 2026. This is when AI agents will evolve from demo-ware to deployable tooling. OpenClaw tests and Neutron API integrations are not supposed to change price in the near future. They are stress tests for an undeveloped future.
However, if 2026 is the year decentralized infrastructure sees real enterprise migration for reasoning workloads, then the early relationship building of Vanar with policymakers and institutional capital will yield contextual trust, which no competitor will be able to replicate.
My position is watching, waiting, and unpositioned at size.
Vanar chose the hard road, and it is trying to educate the least persuadable audience on earth. That's right, the regulatory and traditional capital allocators. That kind of cognitive arbitrage doesn't happen in weeks. It spans multiple quarters, if not years.
My framework is straightforward:
I will attempt to see if interest will go beyond the airdrope hunters at the Binance Square AMA; the same goes for the AIBC panels, if there will be cross-sector collaboration interest in the upcoming weeks.
Considering this state, in hopes of moving the goalposts, deeps dives and cheap spending won’t add much to the value at stake. There is an emphasis on deep dives to attempt a lose-in-spending approach to get around the goalposts and get a revalue on the asset.
There will be far better uses for the date of February 11, 2026. Vanar has begun to move from the field.
The best that can be done to this for it to turn from a dull fable to an actual use of the institutional adoption is for the men in the suits to get out of the round table and have an overwhelming urge to use the word.
Persistent Memory.
#vanar $VANRY @Vanar