2026 Airdrop Interoperability Bible: 182 Projects, Eight Major Track Full Coverage Index
Original Article Title: Ultimate airdrop list: 200 airdrops I'm tracking + the farming strategy for each
Original Article Author: cyclop, Crypto Trader
Original Article Translation: Golem, Odaily Daily News
Editor's Note: If you want to profit from project airdrops in 2026 but don't know which projects to interact with, here is an ultimate index of 2026 project interactions to solve your problem, including 8 tracks with a total of 182 projects.
Interaction Guidelines
Rule 1: Haste Makes Waste
For each interaction project, there should be at least 3-5 persistent operations lasting 2-6 weeks, not just completing 200 micro-operations in one day.
Rule 2: Use Different Wallets for Different Risk Levels
Main Wallet: Never used for project interactions
Everyday Wallet: Used for daily interactions (of course, if you think using multiple wallets would be more profitable, you can also use multiple wallets)
High-Risk Wallet: Can be used for any suspicious project interactions
Rule 3: When a Project Involves Social Authentication, Be Sure to Execute
If the project you are interacting with involves reputation/identity information (e.g., SocialFi), be sure to complete your profile + verify your identity + use it.
Interaction Templates for Different Tracks
Public Chain (L1/L2)
Complete 30-100 transactions within 6-12 weeks; use a cross-chain bridge; use 3-7 decentralized applications (Dapps); deploy a Dapp once.
DeFi
Deposit; swap; provide LP for 7-30 days; borrow once; repeat weekly.
Perpetual Contract DEX
Deposit; conduct 20-80 transactions; continuously increase trading volumes; maintain a certain balance.
SocialFi
Complete Profile; Social Verification; Daily Active; Invite Friends.
DePIN
Continuously running node/app; Task completion.
200 Interactive Project List (Project Name + Four-Dimensional Rating + Operation Guide)
Four-Dimensional Assessment Criteria (Each Dimension is out of 10 points):
· H - Hotness
· E - Expectation of Airdrop
· F - Interaction Priority
· S - Potential Airdrop Scale
Prediction Markets (18)
· PolyMarket (H 9/10 E 7/10 F 8/10 S 6/10): Place 5-20 bets - Provide liquidity by placing orders - Invite frequent traders as much as possible;
· Kalshi (H 6/10 E 1/10 F 3/10 S 6/10): Use the product normally - Avoid artificially inflating trading volume;
· Opinion Labs (H 7/10 E 8/10 F 8/10 S 7/10): Trade 10-30 times per week - Hold contracts for 7-14 days - Complete tasks;
· Noise (H 5/10 E 5/10 F 4/10 S 4/10): Daily active - Connect wallet - Invite friends - Complete tasks;
· Earlybird (H 5/10 E 5/10 F 4/10 S 4/10): Complete all tasks - Invite friends - Weekly active;
· XO Markets (H 4/10 E 5/10 F 4/10 S 4/10): Weekly trading - Trade in small amounts - Hold as much as possible;
· Triad (H 3/10 E 4/10 F 3/10 S 3/10): 5-15 trades - Stay active;
· Reppo (H 3/10 E 4/10 F 3/10 S 3/10): Use core features weekly - Complete tasks - Invite friends;
· Multiplier (H 3/10 E 4/10 F 3/10 S 3/10): Trade + Complete point tasks - Repeat weekly;
· Sapience (H 3/10 E 4/10 F 3/10 S 3/10): Trading 10-20 times - Provide short-term LP;
· Melee (H 3/10 E 4/10 F 3/10 S 3/10): Trading - Complete tasks;
· Predict Fun (H 3/10 E 4/10 F 3/10 S 3/10): Trading - Social tasks - Invite friends;
· MARIAD (H 2/10 E 3/10 F 2/10 S 2/10): Use minimal time and effort - 3-10 operations;
· Probable (H 2/10 E 3/10 F 2/10 S 2/10): Complete tasks - 3-10 operations;
· Reppo (same name) (H 3/10 E 4/10 F 3/10 S 3/10): Same as above;
· Auramoney (H 2/10 E 3/10 F 2/10 S 3/10): Deposit - Use main features - Hold briefly;
· Opinions fun (H 2/10 E 3/10 F 2/10 S 2/10): Post - Trade - Connect wallet;
· SX Bet (H 6/10 E 6/10 F 6/10 S 6/10): Weekly betting; add if LP available; invite friends; keep activity diversified;
Wallets (6)
· Metamask (H 9/10 E 6/10 F 7/10 S 6/10): Use built-in swap/cross-chain bridge feature - Participate in any reward task - 20-50 transactions per month;
· Rainbow (H 6/10 E 4/10 F 3/10 S 3/10): Use in-wallet swap - Connect to new apps - Take up very little time;
· Phantom (H 7/10 E 4/10 F 4/10 S 4/10): Swap/Stake - Interact with popular Solana apps - Continued use;
· Infinex (H 7/10 E 6/10 F 7/10 S 7/10): Complete tasks - Deposit - Long-term trading - Invite friends;
· Solflare (H 5/10 E 3/10 F 3/10 S 3/10): Staking - swap - Interact with the Solana ecosystem;
· Backpack (H 6/10 E 4/10 F 4/10 S 5/10): Use wallet functionality - Transact if supported - Connect to applications;
Layer 1 (26)
· Tempo (H 4/10 E 5/10 F 5/10 S 5/10): Bridging/testnet - 20-50 transactions - Deploy a contract once;
· N1 Chain (H 4/10 E 5/10 F 5/10 S 5/10): Testnet tasks - Transaction count - Contract deployment;
· Aztec (H 8/10 E 8/10 F 8/10 S 8/10): Run testnets - Deploy contracts - Use ecosystem applications - Maintain weekly activity;
· Ritual (H 7/10 E 7/10 F 7/10 S 7/10): Join candidate list - Run testnet tasks - Complete incentive tasks;
· Seismic (H 5/10 E 5/10 F 5/10 S 5/10): Testnet - Transaction count - Task completion;
· T-rex (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Claim faucet tokens - Transaction count;
· Pod Network (H 3/10 E 4/10 F 3/10 S 4/10): Bridging/testnet - Transaction count;
· Raiku (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Daily/weekly transactions;
· Inco Network (H 5/10 E 6/10 F 6/10 S 6/10): Testnet - Deploy contracts - Interact with Dapps;
· Rialo (H 3/10 E 4/10 F 3/10 S 4/10): Cross-chain - Transaction count - Not too time-consuming;
· Epoch Protocol (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Node/Task as required;
· Neura (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Task completion;
· Pharos (H 3/10 E 4/10 F 3/10 S 4/10): Bridging - swap - Decentralized transaction;
· Octra (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Transaction count;
· OpenGradient (H 3/10 E 4/10 F 3/10 S 4/10): Joining the waitlist - Testnet - Task completion;
· Soneium (H 6/10 E 5/10 F 5/10 S 5/10): Bridging - Using ecosystem app - Decentralized transaction;
· Arc (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Transaction count;
· integra. (H 2/10 E 3/10 F 2/10 S 3/10): Only occupying the least amount of energy;
· Canopy (H 3/10 E 4/10 F 3/10 S 4/10): Bridging/Testnet - Transaction count;
· IOPn (H 2/10 E 3/10 F 2/10 S 3/10): Only occupying the least amount of energy;
· Beyond (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Task completion - Transaction count;
· Fast Protocol (H 3/10 E 4/10 F 3/10 S 4/10): Bridging/Testnet - One-time contract deployment;
· Nesa (H 2/10 E 3/10 F 2/10 S 3/10): Only occupying the least amount of energy;
· Umi (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Transaction count;
· Arc (Duplicate) (H 3/10 E 4/10 F 3/10 S 4/10): Same as above;
· Incentive (Duplicate) (H 5/10 E 6/10 F 6/10 S 6/10): Same as above;
SocialFi (3)
· Base app (H 7/10 E 5/10 F 5/10 S 5/10); Daily use - Post content - Invite friends - Connect wallet;
· Farcaster (H 8/10 E 7/10 F 7/10 S 6/10): Daily content posting - Use frames - Join channels - Link wallet;
· Ethos (H 6/10 E 6/10 F 6/10 S 5/10): Complete profile - Comment/Rate - Stay active;
Layer 2 (16)
· MegaETH (H 9/10 E 8/10 F 8/10 S 8/10): Join official project - Connect/Use ecosystem - Weekly repetition;
· Abstract (H 6/10 E 5/10 F 5/10 S 5/10): Bridging - Transaction volume - Use 3-5 Dapps;
· Miden (H 6/10 E 5/10 F 5/10 S 6/10): Testnet - Deploy contracts - Complete developer tasks;
· Nexus (H 5/10 E 5/10 F 5/10 S 5/10): Testnet - Transaction count - Task completion;
· Fluent (H 5/10 E 5/10 F 5/10 S 5/10): Bridging/Testnet - Transaction count;
· Citrea (H 6/10 E 5/10 F 5/10 S 5/10): Testnet - Transaction count - Task completion;
· Aligned (H 5/10 E 5/10 F 5/10 S 6/10): Run node/validator tasks - Validate proof of availability;
· Firewall (H 4/10 E 4/10 F 3/10 S 4/10): Use product - Integration/Task;
· Bitcoin Layers (H 7/10 E 6/10 F 6/10 S 6/10): Bridging - Use application - Avoid concentrated interaction over a period;
· Twine (H 3/10 E 4/10 F 3/10 S 4/10): Bridging - Transaction Counting;
· RISE (H 3/10 E 4/10 F 3/10 S 4/10): Bridging - Transaction Counting;
· ADI Chain (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Task Completion;
· Soneium (Duplicate) (H 6/10 E 5/10 F 5/10 S 5/10): Same as above;
· Codex (H 5/10 E 5/10 F 5/10 S 5/10): Testnet - Transaction Counting - App Usage;
· Sova (H 3/10 E 4/10 F 3/10 S 4/10): Bridging/Testnet - Minimal Effort;
· Mezo (H 6/10 E 5/10 F 5/10 S 5/10): Cross-chain - Ecosystem App Usage;
AI (18)
· Billions (H 5/10 E 5/10 F 4/10 S 5/10): Weekly Product Usage - Invite Friends - Task Completion;
· Openmind (H 3/10 E 4/10 F 3/10 S 4/10): Contribute Engagement - Join Waitlist - Task Testing;
· PrismaX (H 3/10 E 4/10 F 3/10 S 4/10): Product Usage - Wallet Connection;
· Self Protocol (H 5/10 E 5/10 F 5/10 S 5/10): Social Authentication - Profile Completion - Core Feature Usage;
· Pluralis Research (H 3/10 E 4/10 F 3/10 S 4/10): Join Waitlist - Contribute Engagement - Task Completion;
· HeyElsa (H 4/10 E 4/10 F 3/10 S 4/10): Daily/Weekly Usage - Invite Friends;
· Merit Systems (H 3/10 E 4/10 F 3/10 S 4/10): Task Completion - Invite Friends - Active Participation;
· Oshi (H 3/10 E 4/10 F 3/10 S 4/10): Use app - Complete task;
· Perle (H 3/10 E 4/10 F 3/10 S 4/10): Use product - Refer friends;
· Edgen (H 3/10 E 4/10 F 3/10 S 4/10): Run client if available - Complete task;
· YIEDL (H 2/10 E 3/10 F 2/10 S 3/10): Low funds and time commitment only;
· GenLayer (H 5/10 E 5/10 F 5/10 S 6/10): Testnet - Deploy contract - Use ecosystem;
· DataHaven (H 3/10 E 4/10 F 3/10 S 4/10): Run node/client - Contribute data;
· Rumi (H 3/10 E 4/10 F 3/10 S 4/10): Use app - Complete task;
· Kindred AI (H 3/10 E 4/10 F 3/10 S 4/10): Join waitlist - Complete task;
· Surf (H 3/10 E 4/10 F 3/10 S 4/10): Use product - Refer friends;
· KONNEX (H 2/10 E 3/10 F 2/10 S 3/10): Low funds and time commitment only;
· BlockScout (H 5/10 E 4/10 F 3/10 S 4/10): If supported, do social verification - Contribute data - Use browser features;
DeFi Score (75)
· GTE (H 5/10 E 5/10 F 5/10 S 5/10): Deposit - Swap - Repeat weekly;
· re (H 3/10 E 4/10 F 3/10 S 4/10): Use core features - Low funds and time commitment only;
· USDai (H 3/10 E 4/10 F 3/10 S 4/10): Mint/hold - Swap;
· Arcium (H 5/10 E 5/10 F 5/10 S 6/10): Testnet - if available, staking possible;
· Strata (H 5/10 E 5/10 F 5/10 S 5/10): Provide LP - contribute to fees/TVL - vesting 7-30 days;
· Chronicle (H 5/10 E 4/10 F 3/10 S 4/10): Use oracle-related features - if developed, integratable;
· Glider (H 3/10 E 4/10 F 3/10 S 4/10): Bridging - swap - decentralized transactions;
· w3io (H 2/10 E 3/10 F 2/10 S 3/10): Minimal capital and time commitment only;
· Symbiotic (H 8/10 E 7/10 F 7/10 S 7/10): Deposit/restake - maintain position balance - interact with ecosystem projects;
· katana (H 3/10 E 4/10 F 3/10 S 4/10): Swap - provide small LP - rinse and repeat;
· Texture (H 3/10 E 4/10 F 3/10 S 4/10): Provide LP - decentralized transactions;
· Barter (H 2/10 E 3/10 F 2/10 S 3/10): Minimal capital and time commitment only;
· MoreMarkets (H 3/10 E 4/10 F 3/10 S 4/10): Deposit-borrow - repay - repeat;
· Perena (H 3/10 E 4/10 F 3/10 S 4/10): Swap - provide LP - rinse and repeat;
· Block Street (H 2/10 E 3/10 F 2/10 S 3/10): Minimal capital and time commitment only;
· Duffle (H 2/10 E 3/10 F 2/10 S 3/10): Minimal capital and time commitment only;
· ETHGAS (H 2/10 E 3/10 F 2/10 S 3/10): Use product - transaction counting;
· Tally (H 5/10 E 4/10 F 3/10 S 4/10): Delegation - Voting - Governance Participation;
· Warden Protocol (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Staking;
· Mento (H 5/10 E 4/10 F 4/10 S 4/10): Swap - Provide LP - Harvest;
· Superform (H 7/10 E 6/10 F 6/10 S 6/10): Deposit Vault - Cross-Vault Transfer - Hold Duration;
· idOS (H 6/10 E 6/10 F 6/10 S 5/10): Social Authentication - Complete Profile - Use Integration;
· Ferra (H 3/10 E 4/10 F 3/10 S 4/10): Deposit - Trade - Harvest;
· Altura (H 2/10 E 3/10 F 2/10 S 3/10): Minimal Capital and Time Usage;
· ETHgas (Harvest) (H 2/10 E 3/10 F 2/10 S 3/10): Same as ETHGAS;
· ORBT (H 2/10 E 3/10 F 2/10 S 3/10): Minimal Capital and Time Usage;
· Swapper Finance (H 2/10 E 3/10 F 2/10 S 3/10): Swap - Small Trades;
· CookingCity (H 2/10 E 3/10 F 2/10 S 3/10): Minimal Capital and Time Usage;
· Creek Finance (H 2/10 E 3/10 F 2/10 S 3/10): Deposit - One-time Borrow/Repay;
· Bungee (H 8/10 E 7/10 F 7/10 S 7/10): Cross-Chain Bridging - Decentralized Swaps - Partner Routing;
· Hylo (H 3/10 E 4/10 F 3/10 S 4/10): Deposit - Hold - Harvest;
· Fhenix (H 6/10 E 6/10 F 6/10 S 6/10): Testnet - Contract Deployment - Dapp Interaction;
· Fluton (H 2/10 E 3/10 F 2/10 S 3/10): Minimal Capital and Time Usage;
· Zatarium (H 2/10 E 3/10 F 2/10 S 3/10): swap - Small-scale Transactions;
· Magma Finance (H 3/10 E 4/10 F 3/10 S 4/10): Provides LP Position Holding for 7-30 Days;
· Zoo Finance (H 2/10 E 3/10 F 2/10 S 3/10): Perp Dex with Minimal Capital and Time Usage;
· Cascade (H 5/10 E 5/10 F 5/10 S 5/10): Deposit - 10-30 Transactions - Transactions Spread over Several Weeks;
· Genius (H 3/10 E 4/10 F 3/10 S 4/10): Deposit - Weekly Transactions;
· BitFlow (H 3/10 E 4/10 F 3/10 S 4/10): Small-scale Repeated Transactions;
· Liquid (H 3/10 E 4/10 F 3/10 S 4/10): Trading - Small Transaction Volumes;
· GTE (Duplicate) (H 5/10 E 5/10 F 5/10 S 5/10): Increase Transaction Volume;
· treadfi (H 2/10 E 3/10 F 2/10 S 3/10): Minimal Capital and Time Usage;
· Paradex (H 7/10 E 6/10 F 6/10 S 6/10): Deposit - Ongoing Trading - Increasing Transaction Volume Over Time;
· Backpack (Duplicate) (H 6/10 E 4/10 F 4/10 S 5/10): Trade if Supportive;
· Bullpen (H 3/10 E 4/10 F 3/10 S 4/10): Trading - Distributed Transaction Volume;
· Decibel (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small-value transaction;
· RISEx (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Increase transaction volume;
· Vest (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Weekly recurring;
· Infinex (Recurring) (H 7/10 E 6/10 F 7/10 S 7/10): Complete task + Transaction;
· StandX (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Recurring;
· Variational (H 4/10 E 5/10 F 4/10 S 5/10): Transaction + LP (if any);
· 01xyz (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small-value transaction volume;
· Ethereal (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small-value transaction volume;
· Hibachi (H 3/10 E 4/10 F 3/10 S 4/10): Swap - Small-value transaction volume;
· Hotstuff (H 2/10 E 3/10 F 2/10 S 3/10): Utilizes only a small amount of funds and time;
· Nado (H 2/10 E 3/10 F 2/10 S 3/10): Utilizes only a small amount of funds and time;
· RISEx (Recurring) (H 3/10 E 4/10 F 3/10 S 4/10): Same;
· Ostium (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Recurring;
· Pacifica (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Lowest transaction volume;
· Ranger (H 4/10 E 5/10 F 4/10 S 5/10): Deposit - Transaction - Increase transaction volume;
· Extended (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small transaction volume;
· Zetarium (H 2/10 E 3/10 F 2/10 S 3/10): Small transaction volume;
· Grvt (H 7/10 E 6/10 F 6/10 S 6/10): Ongoing Transaction - Long-term transaction volume;
· Euphoria (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small transaction volume;
· AntX (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small transaction volume;
· TubroFlow (H 2/10 E 3/10 F 2/10 S 3/10): Small transaction volume;
· Titan exchange (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small transaction volume;
· Based (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small transaction volume;
· Kyan (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small transaction volume;
· Reya (H 4/10 E 5/10 F 4/10 S 5/10): Deposit - Transaction - Increase transaction volume;
· MemeMax (H 2/10 E 3/10 F 2/10 S 3/10): Small transaction volume;
· Perpl (H 3/10 E 4/10 F 3/10 S 4/10): Transaction - Small transaction volume;
· Astros (H 2/10 E 3/10 F 2/10 S 3/10): Utilizes only a small amount of funds and time;
· Flipster (H 4/10 E 4/10 F 3/10 S 4/10): Transaction - Minimal transaction volume;
· Ranger Finance (Duplicate) (H 4/10 E 5/10 F 4/10 S 5/10): Same;
DEPIN (9)
· DAWN (H 5/10 E 5/10 F 5/10 S 5/10): Run node/application - Maintain uptime - Invite friends;
· Daylight (H 4/10 E 4/10 F 4/10 S 4/10): Run node/application - Maintain uptime;
· Perceptron Network (H 3/10 E 4/10 F 4/10 S 4/10): Run node/application - Maintain uptime;
· Gradient (H 4/10 E 4/10 F 4/10 S 4/10): Run node/application - Maintain uptime;
· Toggle (H 3/10 E 4/10 F 4/10 S 4/10): Run node/application - Maintain uptime;
· Datahive (H 3/10 E 4/10 F 4/10 S 4/10): Run node/application - Maintain uptime;
· DeepNode AI (H 3/10 E 4/10 F 4/10 S 4/10): Run node/application - Maintain uptime;
· Mawari (H 5/10 E 5/10 F 5/10 S 5/10): Run node/application - Maintain uptime;
· Sela Network (H 3/10 E 4/10 F 4/10 S 4/10): Run node/application - Maintain uptime
Other (11)
· Opensea (H 9/10 E 8/10 F 7/10 S 7/10): Trade NFTs - Use new features - Spread activity over several months;
· Zama (H 7/10 E 6/10 F 6/10 S 7/10): Testnet - Development tasks - Contract deployment - Repeat;
· Altius (H 3/10 E 4/10 F 3/10 S 4/10): Testnet - Complete tasks;
· YEET (H 4/10 E 4/10 F 3/10 S 4/10): Product Usage - Task Completion;
· Tria (H 3/10 E 4/10 F 3/10 S 4/10): Product Usage - Task Completion;
· KAIO (H 3/10 E 4/10 F 3/10 S 4/10): Task Completion - Testnet;
· Magicblock (H 5/10 E 5/10 F 5/10 S 5/10): Testnet - Ecosystem Usage;
· Vlayer (H 4/10 E 5/10 F 4/10 S 5/10): Testnet - Contract Deployment - Task Completion;
· Fairblock (H 4/10 E 5/10 F 4/10 S 5/10): Testnet - Development Task;
· Verra (H 3/10 E 4/10 F 3/10 S 4/10): Product Usage - Task Completion;
· Pumpfun (H 8/10 E 4/10 F 3/10 S 6/10): Token Creation - Trading - Regular Use - Live (High Volatility);
Strategy: How to Actually Execute This List (Without Burning Out)
If you have limited funds but ample time, you can choose to interact with the "Top 30" (weekly), following these criteria:
· 10 Chains (L1/L2)
· 10 DeFi/Perps DEX
· 5 SocialFi
· 5 Projects you personally consider high potential
Execution:
· Week 1: Register + Deposit + First Trade;
· Weeks 2-4: Repeat activities + Spread out trading volume;
· Weeks 5-6: One "advanced" operation (Provide LP, Borrow/Lend, Contract Deployment, Vote);
Other projects can undergo monthly maintenance:
· 1 Login;
· 3 Trades;
· Complete 1 Task
If you already have funds but are short on time, just focus on a few S-tier or A-tier projects.
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Foreign selling in the South Korean stock market accelerates, with cumulative net sales reportedly reaching $75 billion this year
On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.
Fortune Warns of Strategy’s Financing Structure Risks as Bitcoin Premium Narrows
Fortune warned that Strategy’s Bitcoin treasury model faces growing financing risks as MSTR’s net asset premium narrows and preferred stock dividend pressure increases.



