Neutron (NTRN)

Thesis remains for me that crypto has bottomed.

Plenty of fractal bros out there convinced we're going to the 40s/50s...that seems extremely unlikely to me at this stage and likely the result of past bear market PTSD.

Markets are forward looking and price in future events, particularly ones that are top of mind for everyone...

Hard to imagine anything being more top of mind right now than Iran war headlines - I think likely markets have priced in all but the longest tail outcomes here.

As always we retain a decent amount of stables to buy fire sales and discounts, but non-exposure to the coins feels much riskier at this point than exposure.

Even onchain (fraudsworth) and a few select alts seem to be sniffing out the possibility that the worst is over....

Bybit delisted $NTRN just look it was traded around 2 and now worth 0 https://t.co/tcbddB8GpM

Neutron Organization has officially launched the $NTRN Redemption program.

Holders of liquid $NTRN can now permanently burn their tokens in exchange for a pro-rata share of the 1,387,453.67 $USDC redemption pool. The estimated clearing price will decrease as more NTRN is deposited, with an absolute floor of approximately $0.002 in the scenario where the entire circulating supply is submitted.

Key timelines:
- Deposit window: April 1 – April 30, 2026
- Claims open: May 1, 2026
- Claiming portal closes: June 30, 2026

Participation is entirely voluntary, deposits are irreversible, and there is no advantage to submitting early. The Neutron Foundation’s held NTRN (estimated at ~32.4M) will not participate and will be burned separately.

The circulating supply figure has been updated to accurately exclude DAO-owned dNTRN following the Mercury upgrade.

For more details and to participate, visit: https://t.co/2MMifPGL8n

🔥💰 #Neutron #NTRN #Redemption #Crypto #DeFi #Blockchain