I said yesterday that Binance doing U.S. stocks on its own probably wouldn’t involve @OndoFinance. Because knowing Binance’s style, it’s either all-in or nothing. Launching something like stock tokens as a middle layer is like wearing a ridiculously thick condom during a passionate moment—how are you supposed to go head-to-head with competitors like that? Ondo itself seems to have sensed the danger signs too. They tried to push their own perp product, but they’re so stingy they don’t want to spend a dime and just want to freeload. And when they saw the hype building, they went ahead and dumped on the market, screwing over the people who believed in them. This kind of small-mindedness and behavior is just ugly—really hard to like. So now it’s awkward. Binance’s main platform has onboarded all U.S. stocks through Alpaca, basically turning into a brokerage. Who’s going to bother buying stock tokens now? The biggest potential user base is gone. That’s why I’m confused about why $BNB pumped and ONDO followed. Binance is celebrating because they’ve found a sharp pair of scissors to castrate you, and you’re over there laughing along like an idiot? But hey, some bros in the comments made a fair point—ONDO as a token doesn’t really have much to do with their actual business. You could say it’s just a name, so trying to analyze it based on fundamentals is pointless