My take on this is that the market isn't reacting well to the news because the issue w Celestia has never been that Polychain is selling tokens. Investors sell tokens, this happens with all blockchains. @gtx360ti who is the same source mentioned that in a similar period of time, Polychain sold 80m while the team sold 100m+. There are also many others who are up many multiples on this token, dumping is just part of the game The problem w Celestia is that they had a narrative that CT bought into, but they never delivered on. They rode the airdrop narrative to the top while selling the token and only shied away from it when the token went down (Narrative is no longer useful, let's ditch it) You can buy out Polychain's share, but that is not fixing the fact that: > The product is broken. Data availability is a commodity and nobody is willing to pay a premium to post data to Celestia. They're already giving the product away for free, and it has very little adoption. If you tell the TIA team though they'll send you some chart with a bunch of irrelevant products and some metrics that they themselves came up with, so either they're being intellectually dishonest or deranged from reality. Both equally bad. The big deals they have, Converge and Abstract, are paid for, and yes, there's interest from companies like Robinhood in building their own chains, but they don't have a natural interest in using Celestia DA (It's a commodity, can use anything else or even do it themselves) > There's no demand for the token. The only natural demand for it is using it to pay for DA (No interest in this) and the main use case is still selling it so investors and team can make money. External products built on top of Celestia have no incentive to include TIA because it's competitive to their own token. No value capture for TIA > Their gtm is terrible. If I was the Celestia team right now my focus would be purely on getting good products and increasing adoption, not on pleasing CT or playing defensive, which is what they're trying to do now: Deliberately trying to place the blame on Polychain, instead of themselves to try to buy good will. Embrace introspection. > They're passing random proposals like Proof of Governance which are of interest to the founders (Research chaps) but have no material effect over the robustness of TIA. I guess if they wanted to maybe please CT they could disclose how much was sold by each investor and team member (They're never going to do this) What would I know though, I'm just a kid from Africa.

Wow! The TAM for Story Protocol grew from 61T to 80T in 3 months. This is totally real and they're not making up random numbers to mislead retail investors (THIS IS NOT A RECOMMENDATION TO SHORT IP)

Why hire one of these 'Crypto CMOs' who only care about growing their personal brands to try to get paid more while being useless for their companies before a NEET Hire the Chang Defi type, there's more value on a NEET that understands the game NEET > CMO larp LESSON THERE

Another win for Polychain Capital Now get some investors to buy out the team so all the jeets are out

I think Pasternak is a terrible crypto founder and that his strategy and communication are terrible, but I don't think anyone here is considering the legal implications of doing a flywheel at all. Especially from a tax perspective. If they don't have the right legal setup, it's possible to get stuck in a world in which: > They buy back the token > The token has a big drawdown at some point > Tax obligations > Revenue > ggwp for the company, everything goes to zero and they have to FSH the token on the open market. Tokenholders get zero'd out It's probably in your best interest as a token holder that they have the right legal setup for this Disclaimer: I'm not a lawyer, just a kid from Africa

The most dangerous four words you can say in a TG group chat these days are: 'Just longed some PUMP' or 'I think PUMP bottomed' Stop getting hurt fellas, she ain't it

The right way to trade cryptocurrency is to embrace a mix of both indian and jewish cultures. You gotta be greedy (Jewish) at the bottom, and then take a flight to Mumbai and jeet the stack when you start taking screenshots of your upnl (Indian)

The ENA vehicle is interesting because it’s a complete scam for people who buy the shares but it’s actually bullish the token

Taxes are a double penalty for relatively high earning young people because they fuck up your chances of compounding. Math is quite brutal, $1 today could be $20+ in a couple of years + You get penalized for making more money early on

He's talking about BingX