🚨 $ONE — Harmony may be preparing for the biggest reset in its history.
Harmony has published a non-binding proposal that would shut down the independent mainnet it launched in 2019, migrate the native token to Ethereum, and pivot the project toward an AI-powered video remix economy.
The proposal follows the August security incident in which more than 3 trillion ONE were reportedly minted illegitimately, forcing the team to roll back shards and erase over 100,000 legitimate transactions. That episode appears to have become a major catalyst for the proposed restructuring.
The new direction is very different from the original Harmony thesis.
Creators would be able to remix open prompts and media assets, while AI agents extend video stories. Operators would stake tokens and earn rewards based on service uptime, with first-year plans including GPU subsidies and incentives aimed at helping top operators generate substantial revenue.
Meanwhile, derivatives positioning is getting increasingly interesting:
Futures open interest: ~13.11M USDT
Open positions: ~5.03B ONE
Whale long/short ratio: 1.05
Long accounts: 51.19%
Short accounts: 48.81%
Positioning is now almost perfectly balanced.
Even more important, funding briefly turned negative during the previous sharp rally, suggesting the move was driven more by aggressive spot demand than overcrowded leveraged longs. Shorts were still paying into the upside, which helped reinforce the squeeze.
So the setup now is simple:
Major protocol reset + AI pivot + balanced positioning + squeeze potential.
If spot demand stays strong while open interest keeps climbing, $ONE could become extremely volatile again.
Is Harmony reinventing itself at the right time — or is this one final high-risk pivot? 👀
#fedratewatch #BTCBreaks80K #BitcoinMarketCapTopsTesla #SOLJumpsAbout10% #EthereumReclaims$2600
Harmony has published a non-binding proposal that would shut down the independent mainnet it launched in 2019, migrate the native token to Ethereum, and pivot the project toward an AI-powered video remix economy.
The proposal follows the August security incident in which more than 3 trillion ONE were reportedly minted illegitimately, forcing the team to roll back shards and erase over 100,000 legitimate transactions. That episode appears to have become a major catalyst for the proposed restructuring.
The new direction is very different from the original Harmony thesis.
Creators would be able to remix open prompts and media assets, while AI agents extend video stories. Operators would stake tokens and earn rewards based on service uptime, with first-year plans including GPU subsidies and incentives aimed at helping top operators generate substantial revenue.
Meanwhile, derivatives positioning is getting increasingly interesting:
Futures open interest: ~13.11M USDT
Open positions: ~5.03B ONE
Whale long/short ratio: 1.05
Long accounts: 51.19%
Short accounts: 48.81%
Positioning is now almost perfectly balanced.
Even more important, funding briefly turned negative during the previous sharp rally, suggesting the move was driven more by aggressive spot demand than overcrowded leveraged longs. Shorts were still paying into the upside, which helped reinforce the squeeze.
So the setup now is simple:
Major protocol reset + AI pivot + balanced positioning + squeeze potential.
If spot demand stays strong while open interest keeps climbing, $ONE could become extremely volatile again.
Is Harmony reinventing itself at the right time — or is this one final high-risk pivot? 👀
#fedratewatch #BTCBreaks80K #BitcoinMarketCapTopsTesla #SOLJumpsAbout10% #EthereumReclaims$2600