Crypto Market Skepticism Grows as TON ETF Moves Fail to Convince Investors

I feel compelled to share my thoughts on the TON-ETF situation. As per the usual strategy, they are quietly entering NASDAQ via a shell company already listed there. The company involved, Verb, doesn't seem to matter much anymore—initially involved in software development or similar activities, but now it’s almost transformed into a TON-ETF with principal agreements in place. I’ve seen Justin Sun attempt similar tactics with TRON recently. The news appears positive—Pasha might have a way to unload his holdings, which might not directly concern us. However, the market's reaction was underwhelming—TON experienced a slight uptick followed by a decline. This suggests that investors are increasingly skeptical about claims of "principal agreements"—they seem to have lost credibility. Overall, this signals that the crypto market, especially around new ETF launches and shell company strategies, is becoming more cautious. The initial enthusiasm is waning, and reality is setting in among investors who are now more discerning about such moves. It’s essential to approach these developments with caution, recognizing that many of these announcements may not lead to sustainable growth. In light of this, my recommendation is to stay skeptical of early positive signs related to ETF launches and shell company strategies. Focus on solid fundamentals and proven projects rather than speculative plays based on principal agreements or behind-the-scenes maneuvers. This cautious outlook can help mitigate risks in an increasingly skeptical crypto investment environment.