been feeling this way too, guessing people are front-running 4 year cycle narrative plus ETF. though don't have an opinion on how it affects cycle length. where we at farcaster hive mind?

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

Valuations and risk appetite feel like mid-cycle but the tourists haven’t arrived yet. It’s a weird tempo.

Building an open future for games and investing in creators.

i also thought we'd see the relative death of some of the more useless coins in the top 100 but so far that hasn't happened outside of luna