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Post #930
421

BackPack FDV > $1B?
I noticed an interesting market on Opinion:
“Backpack FDV above … one day after launch?”
right now, the odds of it going above $700M FDV sit at 28.1%
at the same time, Axios recently reported a $50M raise at a $1B valuation
when smart money buys equity at a $1B valuation, a $700M token FDV starts to look like a major disconnect
on the other hand, equity valuation ≠ token valuation
overall, the odds look interesting enough to keep this one on my radar
NFA, DYOR.
I noticed an interesting market on Opinion:
“Backpack FDV above … one day after launch?”
right now, the odds of it going above $700M FDV sit at 28.1%
at the same time, Axios recently reported a $50M raise at a $1B valuation
when smart money buys equity at a $1B valuation, a $700M token FDV starts to look like a major disconnect
on the other hand, equity valuation ≠ token valuation
overall, the odds look interesting enough to keep this one on my radar
NFA, DYOR.
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