Jake
2.2K posts

Jake
@jakeflippa
obsessed with the game. just numbers on a screen.


@axepreneur We only raised a few million, 25m val, quick context






my first thought after the 10/10 flashcrash was that a total leverage wipeout was probably bullish, but after giving it a couple more weeks and seeing price development it's starting to dawn on me it might have been more of a "emperor has no clothes" event which exposed the lack of bids/demand for 98% of tokens and the bounce being more of a adl/trader mean reversion recovery basically it's showing us there are no marginal buyers left as virtually no one is interested in owning these coins and prices being where they are today (highish but flirting with floors) could initiate the next round of switching hands / repricing if true today could still be a 2nd blessing of being offered a decent exit before it all starts falling apart again tldr secure your freedom if you've won it







if we survive trump coin pumping, then it’s safe to say we are back. revisit in a few days


Whatnot Has Raised $225 Million At An $11.5 Billion Valuation (source: @nytimes)



