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Delz @Delztheplug on x XXX followers
Created: 2025-07-25 13:40:14 UTC
To me, this is a signal of market froth, not fundamental demand. It's financial engineering to capture a NAV premium, completely detached from ETH's actual blockspace demand (~$1M/day in fees). Doesn't this create a fragile, reflexive loop that could collapse just as quickly as it forms?
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