Algod
Crypto Trader, Game Theory, Terra Critic
Avalanche's onchain asset growth has not yet translated into demand for AVAX itself. Funds and stocks living on the chain, such as a Goldman Sachs Treasury fund or Dinari's US stocks, are not the same as people buying the token. x.comÂ
AVAX treasury company AVAT has warned the SEC it may not survive the year, because its business has no strong revenue source beyond holding AVAX. It spent $265M on AVAX now worth $123M, pledged 7.8M of its 13.8M AVAX as loan collateral, and lost $26.78M last quarter against $2.06M of staking revenue. Six weeks after a $675M Nasdaq debut it is worth $29.8M, and any further AVAX decline raises its financial risk. x.comÂ
Avalanche is becoming indispensable infrastructure the way AWS did, yet the token sits 94% below its high because the market has no category for it yet. RWA liquidity reached $761 million, up 78% in 90 days, with BlackRock, Janus Henderson, Franklin Templeton, Apollo and Galaxy choosing it independently. Progmat is migrating $2.9 billion of Japanese security tokens to an Avalanche L1, and AI-agent payment networks like Kite, backed by PayPal and Coinbase Ventures, run on it. A long-term bet. … Show more
AVAX One Technology's management is backing its own stock, and the shares just broke a multi-month descending trendline on five times normal volume. It has repurchased 85,724 shares at about $4.28 since June 30, with about $35.5M left on its $40M buyback. Its treasury holds 14.09M AVAX tokens, alongside staking yield, bitcoin mining and data centers. $5.50 is the trigger level. x.comÂ
Cardano is large-cap vapour trending toward zero: a $7B fully diluted valuation is utterly ridiculous for a legacy infrastructure project that has delivered nothing. Everyone holding for the last six years is at a loss, and the next cycle is unlikely to repump it because retail now has more attractive frontier equities to chase. Long revenue-producing crypto assets with value accrual and short vapour infrastructure remains a good long-term trade. x.com x.comÂ
Avalanche looks bullish because real applications in payments, real-world assets, financial infrastructure and enterprise systems are already in production on it, per @encycloplydia. x.comÂ
Tokens with real value capture, disciplined supply, usage-driven demand and holder alignment are worth owning; narrative tokens without them are tactical trades. Bitcoin and Ethereum stay the core, with Aave, Pendle, Bittensor and Virtuals also held; Virtuals is a higher-conviction AI pick at the center of a growing agent economy, though its value capture must improve. Arbitrum, Sui, Avalanche, Chainlink and Uniswap act like leveraged beta, with no floor when liquidity leaves. x.comÂ
Avalanche Treasury Corp.'s SPAC structure is built for dilution and PIPE exits, not durable capital, and it listed at the worst possible time. It fell 38% on its first day, from about $3 to $1.85, while AVAX sits at five-year lows, 95% below its 2021 peak, yet the company still plans to buy over $1B more AVAX. The SpaceX IPO is draining capital, Strategy is selling, ETFs are bleeding outflows and crypto is in the down leg of its four-year cycle. x.comÂ
Hyperliquid is among the crypto projects proving that real revenue used for buybacks and burns drives the best long-term performance. Tokens without revenue, or whose buybacks do not offset emissions and unlocks, are inflationary assets relying on sentiment. Projects with revenue and value accrual, including Hyperliquid and GEODNET, held up surprisingly well through the bear market. x.com x.com x.comÂ
Algorand is serious technology at a silly price. It is a chain used by actual governments, carbon negative, with post-quantum security and real institutional adoption. x.comÂ