Kan_0xGemi

$5B+ tokenized stock volume dropping daily.
Sounds insane… until you look.
→ Tiny zero-fee AMM pools with <$1M liquidity
→ 90%+ from a handful of bots ping-ponging the same bags
→ Most “RWA” is still just synthetic wrappers, not real assets
The thesis is right.
These headline numbers are mostly theater.
Context > hype. Always. 🚩