Wraith
@Wraither
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Crypto & web3 gaming degen | memecoin flips, daily alpha, live charts & copium | NFA
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Joined May 2025
The Epstein files confirm systemic corruption, not just individual crimes.
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I love this music 🎵
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Relive a year in crypto—riding the market highs and taking bold leaps. Every moment counts. Check your #2025GateYearEndSummary now, recap your 2025 crypto adventure with Gate, and get 20 USDT through sharing.
gate.com
Relive a year in crypto—riding the market highs and taking bold leaps. Every moment counts. Celebrate your 2025 crypto journey with Gate.
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Important clarification This does not mean: - Avalanche is dead - AVAX cannot pump - The chain has no future It means: - Risk-adjusted returns are weaker - Capital prefers clearer winners - Opportunity cost is high
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5. Institutional narrative did not convert to flows Avalanche talked heavily about: - TradFi partnerships - Tokenized assets - Institutions But: - ETH captured real tokenized treasuries - Institutions chose familiarity - Capital followed liquidity Narrative ≠capital.
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4. Competition ate its positioning Avalanche sits awkwardly between: - ETH (dominant, secure) - SOL (fast, cheap, consumer adoption) It no longer has a clear comparative advantage. SOL owns speed and UX. ETH owns trust and capital. AVAX is stuck in the middle. Markets hate
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3. Token supply and unlock pressure Facts: - AVAX had significant early allocations - Emissions and unlocks created sell pressure - Inflation diluted long-term holders - Price action reflects this BTC and ETH don’t suffer from this to the same degree. Good tech + weak token
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2. Subnets did not become the breakout thesis Subnets were supposed to: - Attract enterprises - Enable custom blockchains - Create demand for AVAX What happened instead: - Enterprises moved slower than expected - Most subnets stayed niche - Demand did not scale materially -
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1. Adoption reality (this is the biggest problem) Facts: - Daily active users are far below ETH and SOL - DeFi TVL collapsed and never fully recovered - Consumer apps did not stick - Developers did not stay long-term at scale Tech alone doesn’t matter if users don’t stay.
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