X @Andy

Market Sentiment & Cycle Analysis - The market expresses skepticism about the sustainability of the current cycle, suggesting it might be nearing its end [1] - The emergence of government-backed blockchain initiatives and cryptocurrencies is viewed as a potential shift towards crypto as a store of value (SoV) in a post-fiat environment [1] - Concerns are raised about projects with "predatory tokenomics," exemplified by WLFI, indicating late-stage cycle characteristics [1] Project Valuation & Risk - WLFI's pre-market Fully Diluted Valuation (FDV) is reported to be $30 billion, raising concerns about potential overvaluation [1] Comparative Analysis & Criticism - AAVE fork launched by the president is criticized for having a 700% higher value than the original coin, questioning the rationality of the market [1]