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@DefiIgnas

Railgun's $RAIL is down 72% since its hyped integration in Kohaku privacy wallet by Ethereum Foundation. CT was bullish on $RAIL for months, and most recently in June as a privacy narrative trade. Yet unlike $ZEC, $RAIL retraced almost all gains. Still, Railgun's metrics are all near ATHs (fees, growing private volume, high staking (72%), TVL etc). Fundamentals are strong but $RAIL got overhyped and as a mid-cap liquidity is relatively shallow. Rail probably will make a comeback when privacy gets hot again.

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32 replies collected of 35 X reports
Rostyslav_Crypto @CryptoRostyslav ·

@DefiIgnas Privacy narrative is dead until the next cycle, just like everything else.

Captain Pepe @IamPurkov ·

@DefiIgnas metrics near ath yet liquidity so thin any bounce will be nasty when privacy heats up again

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Leon @Leon_Defi · 10K

@DefiIgnas metrics mean nothing when the liquidity is this thin. just another exit pump.

alina @alina_XBT ·

@DefiIgnas ct was bullish at the top, classic

AJC @AvgJoesCrypto · 21K

@DefiIgnas I remain bullish ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d It’s time will come

3 7
Dracule Mihawk @Mihawk_Research ·

@DefiIgnas The gap between onchain activity and price action is clear here. Strong fees, volume, and staking, yet shallow liquidity meant the narrative exit was brutal. Privacy season should give $RAIL another look.

3
AliSH @0xAliSHH ·

@DefiIgnas classic buy the rumor sell forever

_gabrielShapir0 @lex_node · 78K

@DefiIgnas iow, good buy here = )

1 4
0xMira.ETH @mirajinkonino24 ·

@DefiIgnas metrics dont mean a thing if the narrative liquidity migrates to zec instead

VOICE (opinion arc) @voicehavefun · 24K
NULL @0x0000_DeAD ·

@DefiIgnas Their business model is flawed... The fees are way too damn high to shield and unshield 😅

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Macro Bombastic @MacroBombastic · 10K

@DefiIgnas thin liquidity makes strong metrics irrelevant until privacy narrative returns

Kovan @0x_Kovan ·

@DefiIgnas another privacy season will bring this back into focus.

bread.mega @bread_ · 58K

@DefiIgnas What are the economics of the token wrt the protocol?

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Jimmy @Jimmyyweb3 ·

@DefiIgnas Thin liquidity, strong metrics just needs the right catalyst.

TCF (Three Wassies Capital) @Soul_Eater_43 ·

@DefiIgnas If I remember right this is another project that Vitalik spoke about. That seems to be the kiss of death these days😢

Superior @andreysuperior ·

@DefiIgnas Privacy narratives dont need a catalyst They need a quiet stretch where nobody is talking about them

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Julia @_Juliaweb3 ·

@DefiIgnas Strong metrics, weak hands – accumulation play.

Aditya @adityaeth · 21K

@DefiIgnas the more things get hyped the less they perform in long term

Ducartis: Furyan Chronicles @CryptoFuryan ·

@DefiIgnas 72% down after the Foundation halo was the whole point. $ETH proximity can juice a privacy trade for a minute, it cant carry one for months

Abdel CitiTech @FintechRoots ·

@DefiIgnas RAIL printed a 72% discount while fees and TVL ripped to ATH. 72% staked means the float is microscopic. I'll accumulate this liquidity dislocation while the market chases noise.

Temperance? @hammundi7 ·

@DefiIgnas @lex_node There is nothing private about $rail token . It’s just the dev team that works on privacy stuff .

Edwen @0xedwen ·

@DefiIgnas do you personally use railgun? the answer's is not in the privacy hype but in the growth in number of users using it

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Temmy | DeFi Analyst🦇🔊 @Only1temmy · 40K

@DefiIgnas i was actually bullish on their tech that time not even the token. every damn project in crypto need to really learn how to actually launch a successful token. i thought megaeth was the one but still hoping

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insider.eth @Insider6900 ·

@DefiIgnas Extremely bullish, people don’t understand it will get integrated into millions of EVM wallets through Kohaku SDK ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d

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mm_xyz @ehdwls8408 ·

@DefiIgnas I'm still bullish $rail

Doxie @imdoxie ·

@DefiIgnas LONGtermism

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mtn drew @mtndrew ·

@DefiIgnas Zama may have stolen some of its thunder

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flyawei @flyiiawei · 40K

@DefiIgnas 72%有点狠,不过隐私赛道确实容易高开低走。

Sagar @sagar2803 ·

@DefiIgnas Integration hype fades fast when fundamentals don't follow. ZEC clearly had more behind it.

Joel Valenzuela @TheDesertLynx · 19K

@DefiIgnas Yeah sounds good on all metrics that matter

FortunaShield @FortunaShield ·

@DefiIgnas Privacy narrative lasted about as long as my risk management, and the chart charged full tuition.

1 replies whose parent comment X withheld

Ignas @DefiIgnas · 162K

@AvgJoesCrypto @bread_ thanks. shame on you @grok for not replying it time.

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