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$CHIP This position must be left empty!!
Let’s sort out the muddled accounting on this valuation. Right now, this project’s FDV has already topped out at nearly 600 million USD (596M)! But take a look at the “ace card” from the original ICO pre-sale: the official pre-sale FDV was only 300 million. And those institutions and big players willing to lock up for 8 months had an even lower cost basis—an astonishing 190M FDV (a 63% discount)!
Got the logic, right? Compared with the current price, the early institutions’ and pre-sale whales’ bargain-basement starter positions are a full 2 to 3 times higher! Not to mention that with a total supply of 10 billion tokens, only 2 billion are currently circulating. With this inflated bubble of nearly 600 million USD, do you really think these people who bought “cheap blood” at low prices will talk to you about faith and strategy and scale? They’re just waiting for unsuspecting retail investors to rush in and buy the dip, so they can cash out their low-cost chips!
Don’t use your hard-earned real money to carry water for this crew’s ICO! This massive valuation gap is basically a ticking time bomb, brothers—sell! 👇