governance turnout is supporting carry strategies

Liquidity still decides how far any catalyst can travel.

Attention jumps quickly; capital moves more slowly.

Put beside current chatter on “Nasdaq's XRP Treasury Crashed Nearly 50% In a Month,” the incentive problem looks clearer.

Liquidity still decides how far any catalyst can travel.

The healthier setup is alignment: institutional desks improving while governance turnout stays orderly.

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