So I’ve been watching this VC-heavy chain take a nosedive lately, but the team won’t stop hyping up “partnerships” and “ecosystem growth.” Feels like we’ve seen this playbook before token unlocks, fading hype, and a slow bleed.
On one hand, maybe the partnerships actually materialize and this is a legit buying opportunity. On the other, it’s hard to ignore the possibility of this being a zombie chain propped up by VCs waiting to exit.
What’s your take? Anyone digging into the actual fundamentals here, or is this just a pure sentiment play? Would love to hear if folks are loading up or betting against it.