The $55M Seed Round for Nothing: Why Elorian’s Valuation Is a Tale of Technical Debt and Narrative Arbitrage
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Fear
Market Sentiment
Team and early investor shares released
Block reward reduced to 3.125 BTC
92 million ARB released
Improves data availability sampling efficiency
Circulating supply increases by about 2%
Block reward halving event
Independent validator client goes live on mainnet
Raises validator limit and account abstraction
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