Price explains everything, still in Whitelist Only @byreal_io has caused a lot of trouble for Fragmetric. Of course, the behavior exhibited by the team after the TGE was also immature; initially, I thought it was a team that understood the art of initial circulation rates.
From the early setup of limiting mining rewards, to realizing the team's resources in Korea, and then riding on the bn wallet mining, now matching a halved valuation with the rapidly declining TVL in a death spiral, the price drop leads to smaller expectations for the second phase of returns, causing FragSOL to briefly decouple (longer redemption is sufficient), the LST market is getting smaller, belonging to the failed Jto nested model.
Yes, I haven't sold yet, but I'm not dreaming anymore, nor am I expecting miracles to happen; it's time to honestly enter the winding-down phase.
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