[Alliance DAO Co-Founder: L1 Tokens Lack Moats, Not Shorting but Also Not Quality Investments] Odaily Planet Daily News – Alliance DAO co-founder QwQiao clarified in a post on X that he does not short L1 tokens but also cannot consider them as 'quality investments.' He stated that while L1 tokens are not 'bad investments,' there are thousands of alternative assets to choose from, making it easier to find truly high-quality targets with lasting competitiveness. QwQiao pointed out that the L1 sector lacks moats, is prone to commoditization, and struggles to capture meaningful long-term value. He believes that betting on the application layer might be a more certain direction and mentioned that all the assets he currently holds possess long-term competitive advantages and are in fields experiencing exponential growth. Previous news: Alliance DAO Co-Founder: L1 Tokens Lack Moats, Betting on the Application Layer May Be the Way Forward.