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Crypto VC Reality Check: Hack VC Portfolio Takes a Massive Hit – Why Real Utility Wins in 2026
Miguel Trevino•
The crypto market delivered a brutal reality check today, and @VannaCharmer (Mosi) just summed it up perfectly in a viral thread that's blowing up on X.
Quoting Hack VC's co-founder Alexander Pack (@alpackaP) who called 2025 "Hack’s year" with dozens of token launches and optimism for 2026, Mosi fired back with a savage performance recap of many Hack VC-backed tokens from their all-time highs (ATH):
Move: down 97.6%
Bera: down 96.06%
EIGEN: down 92.92%
Soon: down 92.72%
Initia: down 93.7%
Grass: down 91.13%
Babylon: down 88.94%
Hyperlane: down 81.99%
Solayer: down 95.1%
0G: down 87.86%
AltLayer: down 98.13%
Eclipse: down 83.92%
Stable: down 67.24%
The list is non-exhaustive, and as Mosi pointed out: these are likely some of their "best" since they actually reached token generation event (TGE). The post has racked up 471+ likes, 51 replies, 104 bookmarks, and over 70k views in just hours.
Replies range from "ouch" to defenses like "VCs buy way below ATH" and calls to compare drawdowns from TGE/entry price instead. But the sentiment is clear: 2025 was rough for many VC-backed launches, with massive drawdowns across modular, AI, DeFi, and infra narratives.
Here are some visuals capturing the current crypto market pain:
This kind of wipeout isn't new – we've seen similar purges in past cycles – but it highlights a painful truth: hype-driven, speculative token launches with weak fundamentals get crushed.
Meanwhile, projects solving real problems like true ownership, privacy, accessibility, and resistance to central control are building stronger, longer-term narratives.
That's Where Zelf Stands Out – And Why $ZNS Is a Smart Bet Right Now
In a market full of bleeding VC portfolios and overhyped launches, Zelf (zelf.world) is delivering genuine utility through sovereign digital identity.
Zelf Name Service (ZNS) gives you:
- .zelf universal names – chain-agnostic, easy-to-remember, and truly yours forever
- Biometric-secured wallets powered by ZK Face Proofs – zero-knowledge verification of your identity without storing or exposing biometrics
- Seed-phrase-free recovery – your face is the secure, convenient key (no more lost phrases or phishing nightmares)
- Full self-custody with privacy-first design from the start
As regulators and central banks continue to question decentralized assets (see recent ECB comments), the demand for real self-sovereign tools is only growing.
Zelf isn't riding hype – it's building essential Web3 infrastructure for the masses.
$ZNS is the token powering this ecosystem, and with the market shaking out weak hands, now is the moment to position yourself in a project with strong fundamentals and mass-adoption potential.
Tired of watching 90%+ drawdowns on speculative plays?
Ready for something with actual utility and staying power?
Ready for something with actual utility and staying power?
Invest in $ZNS today.
Head to https://zelf.world right now:
- Search and claim your perfect .zelf name
- Set up your biometric wallet
- And add $ZNS to your portfolio before the narrative shifts hard toward sovereign identity
The old VC playbook is cracking.
Real builders with real solutions are just getting started. 🚀
Real builders with real solutions are just getting started. 🚀
What’s your take on the VC-backed token bloodbath?
Bullish on self-sovereign identity plays like Zelf? Let’s discuss below!
Bullish on self-sovereign identity plays like Zelf? Let’s discuss below!