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Profile· Neutral@0xblmrOn Ethos
billymoor

billymoor

19 reviews, 100% of them positive; 45 WHUF vouched for them by 1 person.100% positive · 19 reviews· 45 WHUF vouched· Influence factor 1, above 0% of accounts

The record

From 9 activities · Apr 2026

A respected crypto researcher and community contributor known for early identification of trends and projects, deep DeFi expertise, and consistently detailed, non-standard analytical insights. Reliable, actively engaged, and genuinely supportive—they share alpha information both within and beyond their community, helping others navigate complex mechanisms while maintaining a focus on substance over hype.

“Seriously… No negative reviews for Namada yet?”You've probably heard the whispers about Namada. The "privacy shield for the multichain," the big new thing from the same minds behind Anoma, which is currently on everyone's mind. But before you get swept up in the hype, let's talk about what really happened here. Because while everyone's distracted by the next shiny object, the first one is already on fire. A Day-One Dump-a-Thon The biggest red flag of all was the Token Generation Event (TGE). In a move that shocked the entire community, the team decided to do something that should be a cardinal sin in crypto: they unlocked 100% of the token supply on day one, with zero lockups. Think about that for a second. That's not just a few tokens for the community. That's the entire supply, including the shares for investors and the team. As the legendary on-chain sleuth ZachXBT pointed out, this includes: 18.5% for the team 32% for investors He said it best: "How are people incentivized to continue working on the protocol and make it a success when it’s a race to dump all tokens from day 1? lol." It's not a question, it's a harsh reality check. This isn't innovation; it’s a recipe for disaster. The Inevitable Freefall And just as you'd expect, the disaster arrived. With no vesting schedule to prevent a token flood, the market was immediately hit with insane sell pressure. The price of NAM went into a complete freefall, crashing over 80% from its all-time high. It plummeted from its launch high of about $0.068 down to an all-time low around $0.012. The token's Fully Diluted Valuation (FDV), a key metric for gauging potential, is now a paltry $14 million. This is not a sign of a healthy, growing project; it’s the aftermath of a massive dump. The Anoma Connection: A Convenient Distraction? Here’s the part that really gets me. This whole messy situation is tied directly to Anoma, which is now the new hotness. The projects share the same founders, and as ZachXBT noted, the Namada team's Discord suggested they would "just launch another scam token for Anoma." People have short memories in this space. While Anoma is building momentum, the community is quick to forget that the last thing this team launched was a token with a flawed model that put a massive sell wall in the hands of insiders. It's the classic narrative: move on to the next thing before the last one is fully dead. This is exactly why a lot of people no longer take the Cosmos ecosystem seriously. This isn't about being negative for the sake of it. It’s about calling out a fundamentally broken launch strategy that punished the community and rewarded insiders. Don't be fooled by the hype. Look at the charts, look at the tokenomics, and look at the history. https://x.com/zachxbt/status/1819127951323287690 https://x.com/zachxbt/status/1819336599932752253on Namada · 1264· 1y ago · negative0
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