Source item
Open original source ↗1) many liquid vcs panic sold ico allo. VCs have to buy, not sell, just to obtain their lost tokens and percent of network
2) if creator coins get traction, pump will double
3) buybacks are pure value accrual, does not matter if anyone likes them or not (altho obv they do)
Quoted context
These are the quoted author’s words.
Reasons why this is a generational trade: - VCs want an exit after Alon + team went silent for 2 weeks after launch. - As creator coins get increased mindshare, people will sell their $PUMP for them - Buyback won’t work because no one likes a coin with consolidated supply https://t.co/mkjTpQhmgO
camolNFT ↗