The Portnoy Precedent: How a Single Wallet Exposed the Structural Rot in KOL Tokenomics
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Extreme Fear
Market Sentiment
Independent validator client goes live on mainnet
Team and early investor shares released
Block reward reduced to 3.125 BTC
Circulating supply increases by about 2%
Block reward halving event
Improves data availability sampling efficiency
Raises validator limit and account abstraction
92 million ARB released
Bitcoin Season