I've been following GRASS for a while.
Cool concept. Strong narrative. AI + DePIN.
The kind of story crypto loves.
But today — March 11 — I did something different.
I opened a short on GRASS on Extended.
You can trade it there too if you want (there may also be a future airdrop):
https://app.extended.exchange/join/BFAB
Let me explain my thinking.
First, this is not a hate post.
I actually think the idea behind Grass is interesting.
A decentralized network where users share unused bandwidth so the network can collect public web data — data that could be used by AI models.
In theory, that’s powerful.
In practice, I’m not convinced yet.
Here’s what started bothering me.
1. Too many tokens still coming
A lot of GRASS supply is still locked.
Investors. Contributors. Ecosystem allocations.
Those tokens unlock gradually… and every unlock means potential sell pressure.
Crypto history is full of projects that looked great — until the unlock schedule kicked in.
2. The holder base worries me
Millions of users farmed GRASS by running nodes.
That’s great for network growth.
But it also means a lot of people received tokens for free.
And free tokens tend to get sold fast.
Especially during pumps.
3. Real demand is still a question mark
The big thesis is that AI companies will pay for the network's bandwidth and data.
Maybe they will.
But right now it's still hard to see how much real revenue exists versus pure token incentives.
If emissions dominate demand, price usually suffers over time.
4. The narrative might be ahead of the fundamentals
AI is the hottest story in tech.
DePIN is one of the hottest stories in crypto.
GRASS sits right in the middle.
Which makes it very easy to hype.
But hype and sustainable token economics are not always the same thing.
So for now, I'm staying on the short side.
That doesn't mean I'm right.
If the network gets real adoption and demand grows faster than emissions, GRASS could easily prove me wrong.
Markets love strong narratives.
But today, based on tokenomics and supply dynamics, I’m personally not buying it.
If you want to trade it (long or short), it's available here on Extended — and there might even be a future airdrop for using Extended (no token yet...):
https://app.extended.exchange/join/BFAB
Curious what others think.
Bullish on GRASS? Or do the unlocks worry you too?
