potato

Summary (short):

$RAGE trades at a steep discount to its adjusted asset backing. Using an NAV of $0.335 per token and a market price of $0.183, the token is at a ~45.4% discount to NAV. Recent docs/Discord updates clarify tokenholder claim on treasury assets, the founder is doxxed and active, and non-operating “excess” assets appear ripe for return to holders (buybacks or a partial rage-quit). This is a straightforward “discount to assets + alignment” setup.

WLFI is a meme-beta play with political branding, not a DeFi protocol. Near-term flows are dominated by presale unlocks (20% at TGE; the remaining 80% subject to a still-unfinalized vesting schedule), likely “points/rewards” emissions, and an attention-driven bid that fades quickly once the launch novelty passes. With no shipped DeFi product, contested communications around allocations, and the treasuryco narrative arguably pulled forward, I expect the FDV top to print in week one, followed by negative carry and basis pressure. Only major risk: a broad crypto melt-up (BTC > prior ATH) that drags meme risk higher.

1) Overhyped attention asset, no real buyers of size