Now zoom out. FDV expanded from ~$20M → $200M+ in weeks. But fundamentals didn’t change: • No revenue • No real adoption • Testnet + narrative only Price ran faster than reality. Mean reversion usually follows.
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Now zoom out. FDV expanded from ~$20M → $200M+ in weeks. But fundamentals didn’t change: • No revenue • No real adoption • Testnet + narrative only Price ran faster than reality. Mean reversion usually follows.