When the Lever Breaks: Multicoin's HYPE Exit and the Narrative Fracture in Crypto's VC Liquidity Cycle
At 1:47 PM UTC on July 22, the blockchain whispered a truth the market hadn't...
Independent validator client goes live on mainnet
Block reward halving event
Block reward reduced to 3.125 BTC
92 million ARB released
Team and early investor shares released
Raises validator limit and account abstraction
Improves data availability sampling efficiency
Circulating supply increases by about 2%
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Fear
Market Sentiment
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$64,701 |
| 1 |
Ethereum
ETH
|
$1,913.46 |
| 1 |
Solana
SOL
|
$75.27 |
| 1 |
BNB Chain
BNB
|
$573.6 |
| 1 |
XRP Ledger
XRP
|
$1.1 |
| 1 |
Dogecoin
DOGE
|
$0.0726 |
| 1 |
Cardano
ADA
|
$0.1646 |
| 1 |
Avalanche
AVAX
|
$6.67 |
| 1 |
Polkadot
DOT
|
$0.8183 |
| 1 |
Chainlink
LINK
|
$8.6 |