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basil pfp
basil
@itsbasil
on february 6th, the vc fund, 1confirmation, took a huge risk and bought $1M worth of degen at spot at the time, degen was a sub-$5M market cap "memecoin" on a still very small L2 chain the price at the time was $0.000541, equating to 1.85 BILLION degen 54 days later, and that $1M investment is now worth $92.5M
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basil pfp
basil
@itsbasil
more information here https://x.com/nansen_ai/status/1755301098435617078?s=20 (s/o @banterlytics) cc @wake.eth @mikoas
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rafa
@rafa
But can the market survive if liquidated?
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wake
@wake.eth
Mercifully locked for two years.
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aferg
@aaronrferguson.eth
👏👏👏 big props
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0xqeew
@0xqeew
Profitable trade Study this
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Rebin🔵🎩
@sky95
They deserve it 🎩✌🏽
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₿odaciouspiratΞ
@bodaciouspirate
🎩🎩🎩
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Kunal 👑🎩
@kunalvg
Having skin in the game is rewarding!
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Ox.crypto
@ox-crypto.eth
And now Degen transcends "Memecoin" it became a coin with utility. Sooner or later, crypto investors will FOMO in one of the biggest and most successful coin in crypto market. Mark it! Congrats brotha🤝
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ciefa 🐌 eth/acc
@ciefa.eth
Dude WOW. Congrats!
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Kaloh
@kaloh
🤯 thanks for sharing 100 $degen
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Bstract
@bstract
That’s wild!
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Supertaster.degen.eth 🎩
@supertaster.eth
Now that is what conviction looks like. Not a bad return for 54 days. My question would be what is the funds target, if it wasn’t hit already?
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Jak 🎩
@jaks
Hope they don’t dump on us
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Josbec🎩🔵
@josbec
Wow wow This is big Congrats to 1confirmation
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DeeperFlows
@deeperflows
But let me tell you something. It is only getting started.
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Banterlytics 🎩
@banterlytics
they bought tokens on discount hence it it vested for 2 years and unlocking starts from august. and price was 0.002xxx on 6th chart from 5-7th feb
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gino.eth 🔵
@gino
bruh.
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Awaken 🐹⛏️
@awaken
Now thats what we say generational wealth!! The rick did pay off ngl
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