what do you think about PRL?

i bought for 150k at 0.6$, freaked out about safetrade and self-hosted browser wallets and huge inflation. sold all at 0.5$.

current price: 1.25$ fmgcl

i have no read on it. on one hand the narrative is toptier, AI bitcoin and useful proof-of-work. and you know i am in the camp that BTC is in a death spiral because the security budget is an unsolvable problem and will only get worse. so this stuff is appealing to me.

on the other hand they raised money to fund a pre-mine operation, which imho was not properly disclosed. and general inflation is skyhigh, it is adding around 0.30% of circulating supply every day atm (it reduces a bit each day but still crazy schedule). so idk.

if exchanges list it and we get perps i think can fly. but i also think every day without a catalyst is a day where the cracks get bigger and buyers at current levels risk becoming EL for miners.

am really conflicted here. having no read. would like to have a conversation in the comment section and exchange thoughts and ideas.