GR GRASS Grass Loading... : Investor Sentiment and Bull/Bear Views

Yan likes Grass because it has built a real, overlooked business: about $70M expected topline revenue, about $40M operating profit, an ~8M-node residential IP network, and frontier labs as customers. The token trades around $330M FTV, has no competing equity value-accrual mechanism, investor unlocks are largely done in October, and the upcoming live context recall subscription product could drive repricing as awareness returns.

Qiao holds AI-related crypto tokens with decent fundamentals, specifically NEAR and Grass, and believes they should perform better than their current prices.

"Observes Grass token earns high revenues but reinvests in growth instead of buybacks, leaving the token near all-time lows; no directional commitment."

Grass is misunderstood: the market wrongly assumes an equity component siphons value, while revenue has 7xed year-over-year and is expected to reach $70 million revenue and $40 million operating profit. Off-chain reporting and FUD cause a steep discount, and with little positioning, better disclosure or token value accrual could rerate it.

Coinbase listed Basecat, DRB, Dolphin, VBVS, and Grass at around $10M market caps, a major shift from its late-listing history; combined with Robinhood's Cash Cat move, a full-blown CEX listing war is starting as exchanges compete for a growing pool of traders, which benefits early-listed small-cap onchain assets.

GRASS is a high-conviction small/mid cap to accumulate and wait on: it is slated for $70M revenue and $40M operating profit this year, trades around $215-220M FDV after accounting for foundation ownership, and investor unlocks end in October, so the setup is attractive once crypto turns.

Grass is misunderstood: revenue is seasonal and back-half heavy, with full-year revenue expected at $70M against roughly $30M costs. Adjusted FDV is lower because the foundation controls a large treasury and has shown discipline by paying rewards in cash rather than tokens; there is no equity component, and the token trades at a sub-4x revenue multiple on 4x YoY growth with new product lines launching at the end of summer. He is comfortable holding.

Author reacts with visceral discomfort to a token holder call that disappointed the market, but does not state a current position or forward trade.

Buy GRASS for revenue generation and upcoming July 7 token holder call that should convert private progress into public priceable information.

Buy GRASS as the cancellation of the S2 airdrop removes the primary feared supply overhang; author holds the token and expects an upcoming token holder call to confirm strong revenues, providing a positive catalyst.

The new generation of DePIN projects—those that lend idle GPUs/CPUs or collect and resell data (e.g., video) for AI training—are undergoing a structural transformation driven by surging AI demand. On-chain verified revenues have grown from $75M in 2025 to a projected $250M in 2026, and total DePIN market cap has jumped from under $5B to $20B. Unlike earlier DePIN waves that relied solely on token emissions and had no real income, these projects earn actual service fees, compensate participants in stablecoins, and use remaining revenue to buy back and burn their own tokens, creating a real equity-like cash‑flow flywheel. AI labs are signing multi‑million‑dollar long‑term contracts for compute and data, providing sustained demand. This revenue‑backed, buyback‑and‑burn model makes the AI‑focused DePIN sub‑sector the only revenue‑generating theme in crypto right now and a strong long opportunity.

Re-entering GRASS long because revenue is only one-tenth of fully diluted value and the chart looks positioned for a second leg up soon.

Grass is an incredible company that uses 3 million user nodes to gather real-world data for AI labs, a deep moat use case, and Delphi Ventures invested early.

Author signals conviction in GRASS price appreciation with concise directional call, implying continued bullish momentum.

Long GRASS because investor unlocks have completed, revenue jumped nearly 200% from last quarter, token buybacks are underway, and its market cap remains low relative to other AI plays.

The data side of DePIN is promising. Networks like Grass, Bless, and Vana can use token or edge-compute incentives to collect permissioned, anonymized, proprietary data, such as how users interact with LLMs, and sell it to AI companies outside crypto. Bless has a new go-to-market for anonymized LLM usage data and is getting early enterprise AI interest, though token optics and distribution to non-crypto customers remain difficult.

Dim argues that some tokens with real product-market fit/protocol revenue and treasury buybacks are attractive but still have unlock overhangs; rather than buying into vests, foundations should fully unlock and let the market clear. He names Etherfi, Grass, and LayerZero as examples where Selini already has positions and is increasing size, limited mainly by remaining unlocks.

Avi is skeptical on Grass because real revenues are undisclosed and likely weak despite the founder citing mid-eight-figure revenue; he sees the chart as a risky levered-Bitcoin-like move. However, the weekly chart has broken out of a diagonal downtrend and Grass fits the revenue-generating protocol and alt-season mold, so he holds only a small position and wants to monitor revenue confirmation.

In a choppy market, he is accumulating revenue-generating RWA/linked tokens such as Plume, Pendle, Curve, AO, Maker, and Grass, betting they eventually change tokenomics to pay back holders, while shorting ETH against the basket because these assets trade lockstep with ETH and ETH could fall further, potentially to $1,000 this year.