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

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

can see nansen tweet i quoted mentions the vesting terms

can see nansen tweet i quoted mentions the vesting terms 

https://x.com/banterlytics/status/1774292035518054774?s=20