@Wisdom_HQ The parrot on the man’s head is squatting.
The man is 186 cm.
The squatting parrot on his head is 14 cm.
The parrot standing at full height on the ground is 16 cm!
Okay.. I completely take back what I said about Ramsey. This is ridiculous. Spitting on another player. As a grown man, nobody is letting that shit fly. Then Chase wants to act all tough and take his helmet off. What a bitch he is
@radiohead appreciate the effort but that ticket buying experience with unlock code was a complete failure … and now true fans can only pay up in order to attend.
Fellow $SBET holders, the rage is justified. The screen is spitting in our faces. $SBET sits at about 16.76 on the day, red, while $ETH is ripping around 4,462 and green, and $BMNR is cruising near 44.90 and also green. The company’s own dashboard says NAV per share about 17.90, mNAV about 0.95x, ETH per 1,000 shares 3.94, diluted shares roughly 131.6 million, ETH stack about 837,230, cash about 71.6 million, staking yield about 3.38 percent, shares bought back exactly 0.0 million. Zero.
They talked buybacks a few weeks ago, then bought nothing, and kept selling stock into a discount. That is how per share value gets bled out. It is infuriating and it is happening in plain sight.
This is not complicated. The company keeps feeding the ATM below one times NAV, the street hedges it, and the tape gets sat on. ETH goes up, our equity gets stuffed. ETH per share erodes because the denominator keeps growing, so every ETH rally adds less to each share. The discount sticks because management keeps telling the market there will always be more paper. That is not capital allocation, that is death by a thousand drips. The buyback talk reads like a cruel joke when the dashboard itself shows shares bought back, zero. If there was a real intention to support holders under NAV, prints would be posted and the discount would tighten. Instead we get press, then dilution, then silence.
Fundamentally this should be simple. No debt. A fat ETH pile. Cash in the bank. Staking yield. Instead we get the worst path imaginable for existing owners, sell stock under NAV to chase a vanity ETH total, then brag about the gross wallet while ETH per share slides. That is how a premium never forms. That is how $BMNR steals the narrative and the flow. They sprinted, this team crawled, and we eat the spread every single day.
Technically the chart is a mess. Lower highs, lower lows, constant rejections under VWAP, and heavy selling volume on red candles. The mNAV line hugs a discount and refuses to mean revert. Correlation to $ETH is broken intraday because supply trumps beta. Even the covered call band-aid is gone, premiums have bled out, IV is crushed, and selling calls now pays pennies while capping the only miracle left, a sudden halt of issuance and a snap back to NAV. That is a clown trap, not a strategy.
Everyone who is pissed is correct. The anger comes from the math. When a company issues below NAV, NAV per share goes down, and the stock trades like a cheap, leaky ETH proxy. When a company announces a buyback and executes nothing, trust vaporizes. When communication around share count stays fuzzy, the market assumes the worst and discounts the hell out of it. Holders are not crazy. Holders are getting diluted.
What needs to happen is not rocket science. Pause the ATM when price is below NAV. Publish diluted share count daily so no one has to guess. Prove buybacks with filings and reduce the count when the stock trades at a discount to the wallet. If they refuse, then stop pretending this is about creating value for owners. At that point it is a paper mill strapped to a ledger.
For anyone who wants clean performance without corporate games, consider stepping to $ETH, or if real torque is the goal and the risks are understood, $ETHU. For those staying, demand receipts, not tweets, and trade what is in front of us, not what was promised. Until management changes course, $SBET will keep acting like dead weight while $BMNR and $ETH leave it behind.
This community is not wrong. We are being diluted, the premium is gone, and the company is the one pressing the sell button. Fix the issuance, show real buybacks, and the chart will fix itself. Keep the hose on, and this stays trash.
Anyone wanna do a fantasy football draft
$2k buy in with $Brett $Bobo or $Pepe league
At today’s current price
(so the $24k prize pot will actually be worth a lot more at the end of the szn)
12 man league, Full PPR, 4 point passing TDs
Buy in can only be with these coins
You send all the coins up front, obviously u trust me to hold them for everyone to lock in today’s price on the coins and then release them at end of the szn or can set up multi sig but it’s just gay and less efficient since we’d need to decide who’s trusted signers and if u follow me close enough to put $2k in a league I don’t think ur worried about me scamming u or anyone over those tokens
Entered the Main Event simply because I love Poker.
Now I’m up to 740K in chips at the end of Day 4. 522 remain between me and $10,000,000.
The support has been incredible so I decided I’m giving $100K away if I win this thing. Just like and reply something below to enter ❤️
I heard pigeons on my balcony and was heated trying to get them.
Stubbed my toe (eww I literally hate saying that for some reason) super hard on the leg of the couch.
I don’t think it’s broken but it’s super bruised and hard for me to walk on. The poor lil guy next to the pinky 😭
I hate pigeons so much at this point.
Why do we need sky rats?
top $brett chads
Im excited to have dinner with many of you individually
But first we need to crack into top 4 memecoin in the world status with (DOGE SHIB PEPE BRETT)
See you then
Brett Is Carrying Base and ETH on Its Back — The Market Has No Clue What’s Next
In the past 7 days, SUI has been one of the top-performing altcoin ecosystems. Meanwhile, Ethereum has been lagging—arguably the most underperforming major alt in the market right now.
Despite that, Brett, which runs on L2 Ethereum, is matching—if not exceeding—the performance of the top memecoins on SUI.
Let that sink in:
Brett’s market cap is nearly 3x larger than the combined market cap of all SUI memecoins.
Yet Brett is still going head-to-head with them in terms of price performance. That means Brett is outperforming memecoins on the best-performing chain—while sitting on one of the worst-performing chains.
Now ask yourself:
What happens when ETH bounces back and becomes the leading alt again?
We’re talking about the top-performing memecoin on the top-performing chain.
That’s not just bullish.
That’s deca billions level bullish.
(Please note that I am not putting any tokens down, just simply presenting data on my observations)