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The only value of these new cryptocurrencies is to allow builder and investor profiteering, while crypto also profit. The hope is that these profiteering investors will use the money to create more externalities, attracting even more participants. For example, Justin Sun's recent improved reputation is largely due to his relationship with Eileen Gu, his book publishing, his space mission, and his various interviews, all of which portray him as a leading figure in promoting cryptocurrencies.
TRX prices also remained stable.
CZ, Yi Jie, Star, and Brother Sun—these bosses are liked and disliked for the same reasons and personality traits. However, most of those who have successfully profited in this round share a common characteristic: they either operate behind the scenes or are merely putting on a show.
With agents absorbing the damage and the bosses profiting from it, compared to the previous wave of public blockchain champions, those now daring to expand externalities have all surrendered to AI. They fear being labeled as predators and cherish their reputations while comfortably engaging in the most despicable dumping practices. After all, in six months, nobody will remember that Trump issued a cryptocurrency; probably very few will even remember that.
I find it strange that SBF invested money in Claude, so the money just went out, right? 🤣🤣
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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