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

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

But can the market survive if liquidated?

Governance Public Utilities for @zksync at @thezknation

i guess we're gonna find out haha 

vesting already started; cliff in april if I'm not mistaken, but 1conf is all about skin in the game, so i doubt they crash the token with massive exits. they know what they're doing & see the long-term vision

300 $DEGEN