The Portnoy Precedent: How a Single Wallet Exposed the Structural Rot in KOL Tokenomics
The logic held; the incentives were broken. On February 27, 2025, Dave Portno...
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Fear
Market Sentiment
92 million ARB released
Block reward reduced to 3.125 BTC
Independent validator client goes live on mainnet
Team and early investor shares released
Circulating supply increases by about 2%
Block reward halving event
Improves data availability sampling efficiency
Raises validator limit and account abstraction
Bitcoin Season