Alliance DAO Co-founder: Will not short L1 tokens, cannot regard them as "high-quality investments"

Alliance DAO co-founder QwQiao clarified in a post on X that he does not short L1 tokens, but he also cannot regard them as "high-quality investments." He stated that L1 tokens are not "bad investments," but there are thousands of optional assets, making it easier to find truly competitive high-quality targets.

Previously, QwQiao mentioned that the L1 track lacks a moat, is easily commoditized, and struggles to capture meaningful long-term value. He believes that betting on the application layer may be a more certain direction and stated that all the assets he currently holds possess long-term competitive advantages and are in fields of exponential growth.