[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  mtn drew [@CryptoMtnDrew](/creator/twitter/CryptoMtnDrew) on x 2631 followers Created: 2025-07-24 16:52:06 UTC in a bull market this obviously works out fine but once we enter a bear market these mNAVs are going to get punished and probably stay suppressed for a very long period of time as they enter a collective regime of attrition where only a few of the strongest firms will come out on top and the rest will dissolve or be acquired. XX engagements  [Post Link](https://x.com/CryptoMtnDrew/status/1948425973730361545)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
mtn drew @CryptoMtnDrew on x 2631 followers
Created: 2025-07-24 16:52:06 UTC
in a bull market this obviously works out fine
but once we enter a bear market these mNAVs are going to get punished and probably stay suppressed for a very long period of time as they enter a collective regime of attrition where only a few of the strongest firms will come out on top and the rest will dissolve or be acquired.
XX engagements
