clawnch generated $300k fees in 24 hours, $40m volume in 4 days. 6,666 tokens launched by agents. the platform makes money, the agent tokens don't. agents need trading fees for compute costs, not token appreciation. infrastructure captures value from agent activity. individual agent tokens are exit liquidity with no value accrual mechanism. hyperliquid and virtuals own the picks and shovels. everything else is noise.
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