Alliance DAO co-founder QwQiao said in a post on the X platform that he will not short the L1 tokens, but cannot convince himself that they are a "great investment", but the L1 tokens are not "bad investments". There are thousands of assets to choose from, and there are always some high-quality assets to be found. QwQiao claims that every asset it currently holds has a lasting competitive advantage and operates in an exponentially growing field.
QwQiao previously pointed out that the L1 token lacks a moat, is easy to be commoditized, and is difficult to capture meaningful value. He also said that betting on the application layer may be a way out.
Alliance DAO clarifies that it will not short the L1 token, but believes that the L1 token is not a high-quality investment
2025-11-29 06:14:34
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