Infrastructure Quietly Outlasts Narrative Seasons

Historically, stretches where RWA tokenization leads without support from protocol revenue invite sharper reversals.

Put beside current chatter on “Former FBI Agent Pleads Guilty to Stealing $2.47 Million in Crypto From Investigations,” the incentive problem looks clearer.

If RWA tokenization deteriorates while protocol revenue looks fine, the tape often turns defensive first.

The loudest story is not always the decisive one.

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