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You can be completely right about the protocol and still lose money on the token. Product winning: Hyperliquid. Uniswap. Ondo. Token already wired to the fees: $HYPE $UNI Token still waiting on the fee switch: $LINK $ONDO Volume showed up. Price often did not. That gap is what people are googling when they type "why is ONDO flat" or "best DEX token 2026". Which side are you underwriting, the product or the token?

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