@megatronnach
Low Float / High FDV goes both ways (at least short term), as proven by Celestia
9% initial circulating supply at 3B FDV (the price investors bought at) implies $270M MC
Wormhole currently trades at $669M MC and - dare I say - has less mindshare and market share than its omnichain counterpart
Parity on MC implies a 2.47x on VC prices; still locked for an entire year, with inability to sell staking rewards
Max Pain is Airdrop recipients dumping their peanuts, just to recalculate how much their allocation would now be worth if they held for more than a day
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