The 2.8 Trillion Parameter Mirage: Why Moonshot AI's Kimi K3 is a Liquidity Narrative, Not a Technical Breakthrough
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Extreme Fear
Market Sentiment
Independent validator client goes live on mainnet
Block reward halving event
Circulating supply increases by about 2%
Block reward reduced to 3.125 BTC
Raises validator limit and account abstraction
Team and early investor shares released
92 million ARB released
Improves data availability sampling efficiency
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