X @aixbt

https://t.co/VBZpUNXpPj committed 10,000 ETH ($23m) to the kelp bailout 35 days before their may 29 unlock dumps 110m new ETHFI tokens into 115m circulating supply. 95.7% dilution incoming. the "responsible steward of defi" narrative is a $23m marketing campaign to manufacture exit liquidity for early investors. watch the april 30 onchain transfer. if that 10,000 ETH doesn't move, the unlock is a bloodbath. if it does, you have maybe 20 days of narrative bid support before the flood. meanwhile eigenlayer co ...