Update: 
Starting marketcap on @zora is now $22 (~60x lower)

This includes:
+ Improving liquidity across the market
+ More expensive to snipe large amounts
+ More posts getting more volume (not just viral ones)

We'll keep working getting this as low and liquid as possible.

Poor take, should he the opposite imo will just get ppl sniping 5 bucks then dumping at a few K mc for $500+

Good explanation, even a % buy and sell tax that goes back to the creator for the first X hours would help too

Nope. Here's a different way to think about it:

We are creating markets to discover the true value of content. Most pieces of content are worth non-zero and not thousands of dollars.

So actually we need to get this as low as possible over time for efficient markets.