With a heavy heart, I’ve decided to move on from $PHA.

I’ve been one of @PhalaNetwork biggest supporters for years not because I was ever paid, but because I genuinely believed in the product and the vision.
Many people in my community made significant gains, and in Q4 2024 I was personally all-in when $PHA rallied around 5x in a week.
This time, I took a major hit. So if anyone thinks I was “shilling” for personal benefit, that’s simply not true. My conviction came from the fundamentals.
I still believe Phala has built a strong product. In my view, the technology was never the problem.
What disappointed me was the lack of focus on growing the token ecosystem and creating long-term value for token holders. Over the years, I tried reaching out to team members and suggested ways to improve token utility, connect with experienced builders, and explore fundraising or ecosystem opportunities. I never saw the alignment I was hoping for.
That’s the hardest part.
I genuinely believed a project with this level of technology, trading around a ~$20M valuation, had the potential to reach hundreds of millions or even $1B+—like other infrastructure projects have done. But a great product alone isn’t enough. Execution, communication, and alignment with token holders matter just as much.
This has been a painful lesson for me. Sometimes, even when the fundamentals look strong, leadership and incentives can completely change the outcome.
Wishing the team and the community the best, but for me, it’s time to move on.
NFA