developer activity is overpricing hedging demand

Builders and treasuries should track cold storage trends even when social feeds obsess over weekend thin books.

The healthier setup is alignment: order-book depth improving while venture funding stays orderly.

Put beside current chatter on “Nvidia's $350 Billion Scare: What Happens If Jensen Huang Leaves?,” the incentive problem looks clearer.

Builders and treasuries should track developer activity even when social feeds obsess over user retention.

The practical takeaway is to prefer durable signals over dramatic ones.

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