😂 Just as I said this would mirror other high-FDV launches in the short term, I now suspect it won’t diverge much over time either. That said, there’s one meaningful difference: this token actually sits on a massive treasury. The real question is whether that treasury will ever be used. Skeptics argue Alon is clocking out, that this was the final extraction. That’s plausible. But if that were his intention, why not leave $100M, $200M, even $300M ago? After a certain point, $50M+ NW the lifestyle curve flattens. And yet, he stayed. My instinct is that he’ll continue to stay. Maybe not to reinvest heavily, but perhaps just enough to stage a comeback. If I hadn’t just come off a major win, I’d be seriously considering this as a size trade. The liquidity is there, and size can be deployed. I won’t be entering, but running the thesis matters. Keeping score sharpens judgment. I’ll add a small amount and send it to my community member wallet. No expectations...just keeping the mental reps going.