@frizzaud Also, it is common knowledge at this point that the Pump team was selling into its own buybacks, so it is not clear how much was actually bought back, net.
@GwartyGwart If you tokenize real oil, and the oil itself gets destroyed in the war tomorrow, you still have the same asset. Because the token still exists and is in limited supply just as before. Nothing has changed.
The most efficient business in the world makes ~$1.1B/yr net income with just 11 employees.
Their founder, Jeff Yan, is a ~30yo ex-HRT International Physics Olympiad (IPhO) gold & silver from Harvard.
It is a decentralized crypto derivatives exchange called Hyperliquid.
@warobusiness I used to think it was just incompetence, but now it's hard not to wonder if it's intentional I mean can they really missmanage so badly?
@sshxbt@Polymarket They would, but almost all of these bets give less than 5% annualized return and that's assuming they actually never play out, these bets are so inefficient because it's not profitable enough to lock capital to make them effecient.