One reason for holding $LFI is that Josh Kernan, the Chief Operating Officer of Permian Capital, has repeatedly retweeted related content and hosted the Park City Summit, where LienFi founder MLeeJr pitched the project to LPs and institutional networks. This indicates that Permian Capital has already shown strong interest in LFI
Permian Capital was founded in 2018, focuses on investing in on-chain financial infrastructure, and is also one of the largest holders of ONDO (which reached a peak market cap of $10b and still remains around $4b)
Although LFI is not among Permian Capital's publicly disclosed six core positions, it may still be part of a more private LP-level investment or early-stage support
Of course, this is just a small reason for holding. For the deeper reasons, you can check out this tweet:https://t.co/dXVfyOv0tm
What if instead of random shitcoin farmers, the dev of "generational ai product" launches his own coin on @BagsApp, if he really is interested in integrating the coin with utility.
Just a thought🤷♂️
@moxie@calluplms@b00gi3 Claim the bags, talk to @finnbags and join the community supporting your work on confer. Thats how web3 gets a chadded dev finally with a solid community and you get fees for it as long as both sides keep workong together