

Squid
740 posts

@Squidx_eth
Got rekt in crypto now I push buttons.





















I usually don't try to FUD projects but I have talked about this project A LOT. Feeling obligated to tell you so, here's why I decided to exit my $VIRAL position. While the tech is amazing, the team does not seem to have what it takes to thrive in Web 3. → There is a lack of communication (Twitter hasn't been updated since VM-1a demo). → The team is almost non-existent in TG over the last week and a half. → The community organized a group to help give the team tips and share updates, and they are ignoring feedback, not answering questions, and have been distant. At first, I thought this was because they were heads down building. But now its giving me a bad feeling. As a result, they have forced my hand. My conviction has taken a hit, and so that will reflect itself in my portfolio allocation. There are projects with better teams, and I am deciding to protect my capital from any more potential downside. Showing no mercy to these projects. Sorry for the bad call on this. What looked like a moonshot quickly turned into a 5-figure loss for me. This stings but still wanted to be transparent and keep you all informed, as this was a big conviction play for me. This isn't a rug but rather a team that has failed. Stay safe.