Split Capital Pulls the Plug: Founder Does His 'Last Dance' Toward $100B Crypto Utopia, Lands at Plasma

Well, folks, another one bites the dust. Split Capital is officially closing shop, joining the ever-growing graveyard of crypto funds that thought they could beat the market. Turns out, even the smartest degens sometimes just need to touch grass—and maybe a nice beach chair somewhere warm.

But wait, don't start writing eulogies just yet. The founder isn't disappearing into the sunset to cry into his lambo tears. No, no. He's dubbing this whole exit his "last dance"—and apparently, it's leading straight to a shiny new opportunity with a cool $100 billion price tag attached. That's right, ladies and gentlemen, this isn't a funeral; it's a pivot. Or perhaps a midlife crisis with better PR.

The destination? Plasma. Because apparently, when life gives you liquidations, you go find a platform with a name that sounds like something you'd find in a sci-fi movie about space money. Split Capital's chapter may be ending, but our guy is clearly playing the long game—or at least the optimistic game.

As for what this $100 billion venture actually entails? Your guess is as good as ours. The details are locked tighter than a cold wallet password on a deserted island. But hey, in crypto, faith is a currency too, and apparently, this founder is betting big that someone out there still has plenty of it.