Alpha play on the dying Linea chain Linea - SBET - ETH Sharplink currently holds about 598,800 ETH (source: ) Nile (Defi Dex) + ConsenSys (Linea) are collaborating to launch Etherex (source: ) Personally, I think the next catalyst for ETH is DeFi. The ETH accumulated by Sharplink will be used for DeFi on Etherex. The current TVL of Etherex without institutional money coming in is 136M. The current FDV of Etherex token $REX is 180M. The current value of ETH held by SBET is about 2.8B. What if SBET-ETH flows into the Linea chain and increases Etherex's TVL? I think the FDV of $REX might rise, so I'm accumulating $REX tokens in the $0.4 range. I feel like now is a suitable time to bet since the value of Linea has not been determined yet. Conversely, if the Linea chain dies without the influx of SBET-ETH, the $REX token might be at its peak right now.
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