NFT liquidity still sets the tone for narrative durability: reading the TeraWulf Says tape

Risk is easiest to ignore precisely when it is most expensive.

Attention jumps quickly; capital moves more slowly.

Even when feeds obsess over “TeraWulf Says AI Leasing Now Generates 83% of Revenue as Bitcoin Mining Recedes,” the durable question remains process versus prediction.

The healthier setup is alignment: basis trades improving while stablecoin minting stays orderly.

Builders and treasuries should track stablecoin velocity even when social feeds obsess over stablecoin settlement.

Builders and treasuries should track NFT liquidity even when social feeds obsess over self-custody adoption.

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