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

more information here

https://x.com/nansen_ai/status/1755301098435617078?s=20

(s/o @banterlytics)

cc @wake @mikoas

husband, father, degentleman, haberdasher 🎩🥂

half-grown thoughts • summoning /animarising ⚵ thinking /midnight-musings • investing /greenbeancapital • https://linktr.ee/its_basil