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
Block reward reduced to 3.125 BTC
Raises validator limit and account abstraction
Team and early investor shares released
Improves data availability sampling efficiency
Independent validator client goes live on mainnet
92 million ARB released
Block reward halving event
Circulating supply increases by about 2%
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