Injective faces no large early-investor unlock that could add selling pressure over the long term. All of its token supply is already circulating, with market cap equal to fully diluted value; that makes holding it a healthier long-term proposition than RWA layer-1 tokens with an unlock cliff. x.com  x.com 

Bitcoin should not be taken seriously as an investment, because it lacks utility and long-term security, making it purely speculative. Its block-size limit caps throughput at about 7 transactions per second, so everyone transacting once would take over forty years, ruling out mass use or self-custody. Its security budget relies on inflation that halvings keep cutting, with no fees to replace it. And a project meant to escape banks now sells mainly as ETF shares, about 80% held at one custodian. … Show more

Babylon could have significant upside as BTCFi matures in 2026-2027, since the leading native Bitcoin staking protocol is still down over 90% from its high. It has 26,070 BTC staked, about $1.94B of TVL, a strong execution record and backing from Paradigm, a fund with over $12.5B of AUM and about 8.5x private returns. x.com 

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.com 

Worldcoin's token unlocks, worth around $100 million a month, need that much exit liquidity every month, and the buyers to absorb them have been drained. x.com 

Stacks, the leading Bitcoin layer 2, is set to capture demand for Bitcoin-native yield, one of the strongest narratives for the back half of 2026. Bitcoin Staking is live, and its Genesis Bond, filled by 21Shares, HashKey and UTXO Management, tests the thesis with real capital. Per the Stacks team in an AMA, demand for STX and the amount locked rise as BTC staking grows, and the Genesis Bond locked an extra 20M STX. The team says its yield avoids token burns or heavy liquidation risk. x.com 

Strategy's approval to sell up to $1.25B of bitcoin for STRC dividends and debt interest removes the market's one big potential forced seller for now, leaving bitcoin's low float to push it to new highs. The move stretches the dividend runway from 5-6 months to 15+ months, or 25+ with the sale. With HODLed supply at a record, expect more chop, then new all-time highs and some altcoin outperformance. The risk: in a later secular bear market, Strategy's selling could feed a downward spiral. x.com  … Show more

Bitcoin's demand has become a digital version of the Hunt Brothers' silver squeeze, and its unwinding should be quite a show. Per @DeItaone, Strategy has bought more than 171,000 bitcoin in 2026, far more than new mining supply, funded by high-yield preferred stock, while ETF inflows, hedge-fund arbitrage and retail trading have slowed and miners sell bitcoin to fund AI infrastructure. x.com 

Pendle's product-market fit wasn't strong enough: it was losing TVL even before the recent DeFi hacks. Capital allocators care about altcoins that make revenue, and Pendle isn't one, while its vote-escrow token model forces holders to lock up in a market where altcoins mostly fall over the long term. @katexbt adds that nobody wants to be in DeFi after the hacks, with layered yield turning into a liability in a bear market. x.com  x.com  x.com 

Solana looks like last cycle's Ether, a laggard among the majors, because its inflation keeps diluting holders. Emissions run about $5 million a day at current prices and rise as price climbs, and even with the new proposals SOL would remain inflationary. Growth in onchain activity does not accrue value to the token, and SOL was the worst-performing major even as ETH moved up. Any upside from the proposals passing is a short-term trade to sell into. x.com  x.com