$8 BILLION FDV AND ZERO ORIGINALITY
Everyone is looking at the $ASTER chart and seeing a discount. I see a graveyard. This coin had its initial pump, but the ensuing bleed is structural, not cyclical. You are buying an $8 billion fully diluted valuation for a product that is literally a HyperLiquid copycat. Zero innovation. Zero reason to exist at this price point.
The volume is mostly theater—wash trading designed to create the illusion of liquidity, especially on alt pairs. But the most damning evidence is the mindset. The CEO is justifying hiding on-chain trades under the guise of "privacy." You are not building a decentralized exchange if you are concealing the core mechanics. You are building a centralized exchange with unnecessary steps, and calling it "DeFi" to fleece retail. This is a valuation trap that will incinerate capital.
NFA. DYOR.
#CryptoAnalysis #Valuation #DEX #Altcoins
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