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Solana-based DePIN has achieved a $1 billion token valuation in its latest funding round. Most investors joined at a $500 million valuation. The project faces challenges with its current coins, but an ETH-based midcap serves as a DePIN index.
Finally invested in my first #DEPIN play --> @ScaliaInfra - reminds me of OPSEC but for #DEPIN - powered by the $SCALE token these guys have had zero chill as they build out a global DePIN aggregator. Currently at a $38M market cap, yesterday it was a $27M market cap. Huge… https://t.co/5vCgFcD9Oa
Finally invested in my first #DEPIN play --> @ScaliaInfra - reminds me of OPSEC but for #DEPIN - powered by the $SCALE token these guys have had zero chill as they build out a global DePIN aggregator. Currently at a $38M, yesterday it was a $27M market cap. Huge conviction on… https://t.co/PmDOjn5rvC
most of the current depin coins arent great [weak narrative, bad holder base, legacy coins] there is an eth based midcap serving as a depin index. it should trade like a bitcoin miner