$168M in stablecoins are financing GPUs through https://t.co/4qjUrxUEtW, with $306M deployed to operators paying real interest. But $CHIP trades at a $79M cap, 24x the $3.3M the DAO actually earns. Buyers are paying for a business the token receives none of. The case changes the day fees route to $CHIP holders. Until then, dilution on 80% of supply is the other side of the trade.
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