According to @boldleonidas, they plan to conduct a seed round soon with no intention to build anything, and they state that many other projects currently raising also have no intention to build (source: @boldleonidas on X, Dec 9, 2025). For traders, this post characterizes current primary-market fundraising as having low build intent, underscoring quality risk to monitor in seed-stage deals (source: @boldleonidas on X, Dec 9, 2025).