@chinhowe02 We’ve seen how major CEX’s have been accumulating while suppressing price. Once launchpad goes live it’s probably some connected wallets that will look to rake in XP. This is all to say future IDOs are bullish as well.
$BLOCK is undervalued.
If you take the total (~$4.0-5.5Bn) spread across ~90-100 launchpad tokens, implied average market cap is ~$40mm-60mm.
That’s an average. BLOCK isn’t any random launchpad and sitting below.
Note then there are some like PUMP with a $3Bn market cap.