High fdv VC project Public sales have been great the last year. $WLFI $XPL both were gigantic multipliers on TGE on size. $PUMP was strong.
I don't think this stays the norm. These sales are only good bc there is a marginal buyer on TGE and loads of buy pressure. XPL went -85% in a month, that's going to give some new buyers PTSD.
Just like every other high fdv project, I think these will mostly be good for 1 pump and 1 pump only before death.
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