I bought 10,000 $FRIEND for $10k at $1 per token
I believe purely based on a earnings to price ratio, it is undervalued here considering they made $60m in fees, $30m in revenue, and are at $100m FDV
I won't tweet about $FRIEND again until $2 - $3
/Hopium
@PPLSOPTIMISMCEO Hi, GM, i interested on the AIagents and keep reading it, understandpotential of the project, but as investor point of view, want to know if possible there also financial statement, revenue, to serve as evidence that it works, sorry i am new and keep explore on defi space
GM.
Why recession no cum? Here is why. 3 biggest drivers of macro tat prevented this.
1) Emptying SPR to dangerous levels. It's extremely deflationary. Cost of energy leads economy.
2) Biden's massive spending. No need explain tis right?
3) BTFP introduced in March wen banks almost died. In short BTFP is like Japan's YCC.
Biden administration used all his ACE cards and I'll be surprised if there's any left. Tic Tok.
Most importantly, how does that translate to action? Here's a clue: Looking back at March 2023, this gives us a precedence. If you would like me to go into detail, let me know.
Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.🙏
At the same time, $FTT had remarkably low circulating liquidity relative to Alameda and FTX's holdings.
In other words: even if Alameda wanted to sell the $5.8B of $FTT it had, there wouldn't be enough buyers:
Alameda's holdings represented 2-3x $FTT's circulating supply!
FTX was the world's 3rd largest crypto exchange.
Today it's said to be insolvent and in the midst of an acquisition by Binance.
Here's everything you need to know about Alameda Research and the collapse of FTX:
👇