The L2 graveyard is growing. 🔪 Two chains down in one week. The latest one really hurt the community. We tuned into the post-mortem debrief on the @MktMates Space. 1️⃣ The Abstract rug Luca Netz announced they're shutting down the L2 to focus resources on Pudgy Penguins. This is a betrayal to the community that farmed XP for an airdrop that will never happen. Sus moves were spotted, like a dev pulling their funds right before the announcement. Action: Get your funds out before December 15th. 2️⃣ A Pudgy Penguins opportunity? Abstract shutting down is seen as bullish news for Pudgy Penguins NFTs. The floor price actually pumped 5-10% after the announcement. Despite the distrust, @greenytrades is wondering if now's the time to buy. The question of trust remains. 3️⃣ Zcash, the return of the privacy king The Winklevoss twins have filed for a spot ZEC ETF. They plan to invest $100 million in it. This is seen as very bullish news for ZEC. @greenytrades actually bought the recent dip. 4️⃣ JP Morgan x Solana A collab to develop an on-chain settlement system for institutions. This is considered extremely bullish for the ecosystem. The ORCA token, a DEX on Solana, is up +100% in one week. @greenytrades thinks DeFi tokens on SOL like JUP and ORCA are good holds. 5️⃣ Ondo is tokenizing pre-IPOs Ondo Finance is launching "Ondo Private Markets". This will allow non-US investors to get tokenized exposure to private companies. @greenytrades, who holds ONDO, sees this as very bullish news. 6️⃣ The AI meta: pump and dump? The market seems to be rotating into AI launchpads and agents. The Clause token has exploded. But the hosts are skeptical about its sustainability and call it a highly rotational play. They're sitting out this meta, calling it too speculative. 7️⃣ Cardano is outperforming The ADA token is up 7% and doing better than the rest of the alts. If it breaks its recent highs, it could enter price discovery. @greenytrades is happy to have exposure. Thanks for reading. https://t.co/E6DUjBcX1r