𝕃𝕆ℕ𝕆

[𝕃𝕆ℕ𝕆 @WayofLono]

@TrustlessState Great job dude

[𝕃𝕆ℕ𝕆 @WayofLono]

Wait wait wait

wait WAIIIIIIIT

HOFFMAN sold eth and bought the zec top before it dropped 50%?

Fuckincredible man I am so entertained rn

[Hunter Biden @HunterBiden]

@Samwise_Ganji Fiat is a sham, the banking class is corrupt, decentralized digital currency and the blockchain are the inevitable future, and the incumbents will fight it to the death.

[𝕃𝕆ℕ𝕆 @WayofLono]

@humblestacker @paoloardoino Lol. The tethers are literally minted on ethereum.

[𝕃𝕆ℕ𝕆 @WayofLono]

@0xKNL__ Article pretty much just describes a guy with PTSD from war

[𝕃𝕆ℕ𝕆 @WayofLono]

@0xKNL__ No actual SA allegations to be found here also it's all just right wing operatives being quoted in the hit piece ... Won't have any impact on the election come November

[𝕃𝕆ℕ𝕆 @WayofLono]

@leolanza There isn't going to be an Iran deal any time soon. We might get Clarity, that's about it.

[𝕃𝕆ℕ𝕆 @WayofLono]

Sub $1k eth incoming. Anyone know where I can rent a dump truck?

[𝕃𝕆ℕ𝕆 @WayofLono]

@ProofOf_ion Hilarious that HYPE flipped SOL. A chain significantly more decentralized than HYPE and yet was always complete and utter dogshit compared to ethereum and now the very same KOLs who claimed all last cycle that SOL would flip ETH are telling us HYPE will do it now. No shame man.

[ionprime.eth @ProofOf_ion]

To anyone new to this space seeing people proclaim the death of Ethereum or Bitcoin:

No, lol. Bitcoin and Ethereum are not “dying.”

Some people have either forgotten, or alternatively, are lost in their own sauce (lol). But make no mistake: this is a classic alt-season rotation, dressed up in the same classic marketing: “BTC/ETH are dead, the new paradigm is here, this time the midcap I own becomes the settlement layer for God.”

lol.

That does not mean the projects are fake, but it does mean that the narrative is doing what narratives do during risk-on rotation: compress huge structural claims into a pumpable timeframe.

Quick sanity check:
- BTC: ~$65.8k, ~$1.32T market cap
- ETH: ~$1.82k, ~$220B market cap
- HYPE: ~$73.90, ~$16.4B market cap
- NEAR: ~$2.86, ~$3.7B market cap
- Venice token: ~$20.51, ~$960M market cap

- Market dominance: BTC ~55.8%, ETH ~9.3%, HYPE ~0.7%

For HYPE to pass ETH at current ETH cap, it would need roughly 13.4x from here with ETH flat. To pass BTC, roughly 80x with BTC flat. For NEAR, it’s about 59x to ETH and 354x to BTC. Venice is even more absurd as a “new top two” claim.

The “new #1 and #2” talk is unintelligent alt-season bag pump posting. Different cycle, but with all of the same classic alt season attributes.

BTC and ETH are not dying. They are being rotated out of temporarily. This has happened over and over, repeatedly, during their longer uptrends:

- BTC leads.
- ETH eventually outperforms/catches / underperforms / becomes controversial/whatever
- Majors and midcaps rip.
- Then small caps go fucking crazy.
- People declare BTC/ETH obsolete.
- Then liquidity gets tired, leverage unwinds, and everyone remembers why base liquidity matters.

BTC and ETH are not just “coins people like.” They are liquidity anchors. They sit at the center of collateral, ETFs/institutional rails, custody, derivatives, benchmarks, portfolio construction, and psychological market structure.

They are officially global liquidity anchors that are important to the entire world economy.

That does not make them invincible. But “temporarily underperforming high-beta alts” is not the same as “dying.”

And Hyperliquid/lighter-style chains can be real and still not replace BTC/ETH.

This is the important nuance you’ll see random influencers on here be hyperbolic about. I’m actually sympathetic to these super-specialized chains that focus on one thing, and do it insanely well. Hyperliquid focusing hard on perps/exchange utility is a clean thesis. Lighter has a similar “do one thing extremely well” lane in the perpetual futures market, albeit on a stronger base (Ethereum), with some technology as a differentiator (zk rollup verification, etc).

I’m bullish on chains like that moving forward. That can be a monster business or protocol category.

But “great verticalized execution venue” ≠ “monetary base asset” ≠ “global settlement layer” ≠ “decentralized application/l2 security root.”

Hyperliquid can be excellent and still not be Ethereum.

Venice can be interesting and still not be Bitcoin.

NEAR can have useful AI/chain narratives and still not become the reserve asset of the crypto economy.

The reality:

- BTC/ETH chopped sideways
- smaller caps had thinner books
- narrative caught bid
- leverage piled in
- CT got religiously excited about *insert alt here*
- chart went vertical
- everyone invented a macro thesis after the candle

$ETH specifically is hated in a way that usually marks opportunity, not death. It has the deepest smart-contract legitimacy, developer base, settlement/security role, stablecoin/RWA gravity, and institutional credibility. If tokenization and agentic rails matter, ETH is not dead. It is just in one of those phases where everyone gets bored and capitulates, while most of this economy continues to quietly build on/around it.

Careful buying long term hype! Pun not intended. 🙏

[𝕃𝕆ℕ𝕆 @WayofLono]

@HenMazzig Except for the basic fact that Israel has murdered mostly children in Gaza since October 7th ...

[𝕃𝕆ℕ𝕆 @WayofLono]

@uttam_singhk only among the tourists

[𝕃𝕆ℕ𝕆 @WayofLono]

@Craig7951 @ProofOf_ion @SAMALTCOIN_ETH just use wrapped staked eth... few

[𝕃𝕆ℕ𝕆 @WayofLono]

@katrosenfield @neerajadeshp What's the leftist analogue to January 6th and the ongoing MAGA attack on our electoral system and other democratic institutions? They don't actually exist. MAGA would absolutely imprison you for your opinions if they could. All these lefties wanna do is destroy your reputation

[𝕃𝕆ℕ𝕆 @WayofLono]

@Breaking57 Pretty sure this cop is the one who fucked around here

[𝕃𝕆ℕ𝕆 @WayofLono]

@AckTeacher @Rodman743 @DeadSerpent666 @Timodc Trump lifted the rules of engagement and has bombed way more people than Obama/Biden ever did.

[𝕃𝕆ℕ𝕆 @WayofLono]

@AckTeacher @1ncent1ve @Timodc uhhh how are you not realizing this is all about market manipulation and that the president has consistently been lying to us? it doesn't do the country any good to parrot trumps bullshit.

[𝕃𝕆ℕ𝕆 @WayofLono]

@econoar Cool story bro

[𝕃𝕆ℕ𝕆 @WayofLono]

@stoolpresidente are you aware of who the president is?

[𝕃𝕆ℕ𝕆 @WayofLono]

@Pentosh1 @BarakRavid No. There is no deal coming. It's mind boggling to me that you keep falling for this.