moonrock

Moonrock Capital founder Simon Dedic posted on X commenting on Circle's acquisition of Axelar, stating: "Another acquisition, another RUG. Circle acquires Axelar but explicitly excludes the foundation and AXL tokens, which is simply a criminal act. Even if it doesn't violate the law, it goes against ethics. If you are a founder looking to issue tokens: treat them like equity or get lost."Previously, Circle announced the acquisition of Axelar's initial development team, Interop Labs, but Axelar Network, Axelar Foundation, and AXL tokens are not included in this acquisition.

Moonrock Capital founder Simon Dedic posted on the X platform, "Coinbase's acquisition of VECTOR is a brilliant internal boost. $TNSR surged 8 times during the market crash over two days, only to plummet 40% after the announcement. Furthermore, the actual developer behind Vector, the Tensor Foundation, seems to remain independent of this acquisition, including the tokens. Although there has been no official announcement yet, it is basically certain that Tensor will cash out a large undisclosed amount, while $TNSR holders, as always, gain nothing. This is a serious case of misalignment between equity and token value." Simon Dedic concluded by urging that tokens should be equivalent to on-chain equity.

ChainCatcher message, crypto detective ZachXBT replied to a tweet from Simon, CEO and partner of Moonrock Capital, mentioning the fundamental principles of Web3, saying, "You incubated multiple projects in the last cycle that directly harmed retail traders through imbalanced allocations, so I'm not sure you should be talking about the fundamental principles of Web3."The projects pointed out by ZachXBT include Degen Ape Academy NFT and Punks On Solana NFT.