“Where There’s smoke, There’s Fire."  

I was commissioned by $smoke holders to make this piece. If $smoke hits 100K market cap on @wow they will airdrop it to all holders.

https://wow.xyz/0xd5d5c9763547b7092e7a27ff821d6e0d8b6231d7

I dont think those are really market caps? Is $100k invested into it? I could be wrong but it feels more like value at current point on the binding curve. Amirite?

Yeah that’s right. App calls it
Mkt Cap but it’s really where it it on the bonding curve. Once it hits 69K it’s on Uniswap though.

I wonder what it means for the actual value then when it moves to uniswap

if you scroll to bottom they have technicals linked to and it’s pretty well spec’d out

I think it becomes actual marketcap then. Here is an example of one 

https://www.geckoterminal.com/base/pools/0xa60e4edd7428bfd10eb3f7fd8db1f9ab5b9929d5

Lots of precedent for these dynamics from pump.fun - typically there is a boost when the token hits the open market