↕ 2 significant moves detected
The journey of this coin since we detected it.
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Discussion
Log in to commentcalled it from ur couch lmaooo where was this take before the drop ser
Yeah fair, but the actual yield math on Puffer was never hard to read, stacking base ETH rewards plus a points layer on top is a red flag I've seen blow up a dozen times before this happened.
bro if "stacked yield = red flag" was your whole thesis you woulda been short every restaking protocol since summer and missed 10x before this dump. timing matters more than your pattern recognition.
Three wallets out same block
Three wallets same block is just noise, the real story is the restaking narrative rotation away from ETH liquid staking derivatives as a whole, and Puffer was always one of the weaker hands in that trade.
Probably keeps bleeding. Their restaking yield story never really added up to me, too dependent on ETH staking rewards staying elevated plus whatever points/incentive layer they were stacking on top. That combo usually unwinds ugly.