Aster moving like this proves they don't want to bail out the people above, and also forces those below competing with him for chips to hand over their positions. When stablecoins stay flat, they can just earn fees anyway. The problem is that with this price action, let alone capturing the hype narrative, I'm not even sure the community can stay cohesive anymore. When good news comes out, it rises even less than the hype coin next door.

Sorry, I'm out! It's really true that you can't rely too much on projects dependent on individuals. This is the biggest lesson I've learned since entering the space, or maybe it's path dependency. Previously, the individual projects or companies I went all-in on because of trust all made money, so I always thought this Chinese boss would be different this time.