During Consensus, I was asked several times about the story of ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 as far as we were aware. Many people were pleasantly surprised by how we managed to exit our position without damaging the community. This is the summary.
When we set up the process for accepting crypto donations at @stjude, we set the criteria that we would convert the assets donated as soon as reasonably possible. St. Jude Children's Research Hospital is focused on leading the way that the world understands, treats, and defeats childhood cancer and other life-threatening diseases. While we (the crypto industry) may wish the world would leap forward and be more on-chain, that isn't how it currently exists and we need dollar denoted currencies to run the hospital.
Nearly 2 years ago, .5% of ASTEROID was sent to the St. Jude ETH wallet. We didn't have a way to readily convert it into US Dollars, so we left it in the wallet.
Due to external factors, the token went from a market cap of ~$20k to over $150M. Our position fluctuated between $500k and $1M in valuation. I had several messages asking if what we were going to do, and I responded to a few that we were figuring it out.
The next 48 hours were a whirlwind of approvals, but I knew two things. We would need to go to a DEX (a first for our mission) and that we would need to avoid hurting the community. Leadership understood and gave approval for the approach and we proceeded.
Some people may disagree with how we did it, but I believe it to be the best option out of the ones that we had. Over 2 days, we proceeded to exit the position in 12 varying sized tranches. During the entire process, we kept an eye on liquidity of the token and did our best to ensure it never dropped below $3.5M and that the Net Buy pressure didn't exceed $75k.
We exited the position with over 290 ETH valued at ~$676k. Thank you to the ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 community that came together on this asset. These monies will go a long way in support of the life saving mission of St. Jude.
Disclaimer: Discussion of a token is not an endorsement of the token, do your own research. Opinions expressed are solely my own and do not express the views or opinions of my employer. For media outlets, please reach out directly.
What happens with the price if Elon puts $ASTEROID Shiba logo literally on the rocket?
This will be very likely the outcome in one of the next SpaceX launches…
Sometimes you just bid and wait till it shines.
The next SpaceX rocket launch is very soon…
This aged well, @cz_binance. History doesn't repeat, but it often rhymes.
$SHIB wasn't listed because of the team, it was listed because users demanded it until the system couldn't ignore it.
The ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 community is similar. SpaceX is yet to officially announce the mascot, yet each time it has been teased there is massive demand for the token.
It is certain that growth will continue as the mascot gets more official endorsements. The system will not be able to ignore us.
$ASTEROID has already taken the market on a wild ride.
It first ran from roughly $20M to $67M MC after the project's mascot appeared on CNBC during a SpaceX launch.
Then it retraced to around $32M.
Now it's trading near an $80M market cap.
The entire narrative is built around the "SpaceX mascot" story, and many argue that connection is a stretch. From a fundamentals perspective, it's hard to say this alone justifies the move.
But there's another side to this.
I've rarely seen a coin attract this much attention.
The amount of FUD, copycats, fake stories, and attempts to distract investors is honestly insane.
And that's exactly why some people see it as bullish.
When dozens of projects try to copy a narrative, it usually means the market sees real demand.
Whether you think it's hype or not, liquidity keeps flowing toward $ASTEROID.
The story is far from over.
Review lại Tháng 6 , Cật lực đầu tháng ngưng vài hôm ra CPI xong lại đánh cật lực tiếp
Hôm nay A Bi lên giải thích chút với ae tại sao mình view sau CPI market sẽ uponly đến 17-18/6 . Market đang bay , timeline đến gần rồi . Phải làm gì tiếp theo tối nay 22H Ae lên nghe Live nhé .
#LangNgheMargin
@MartinHo99999 Dm đúng là 1 thằng ngu. Có 1triệu $ t mua con mobihome,lang thang khắp đất nước từ nam đến bắc. Mỗi nơi t ở vài ngày. Làm lol j phải đau đầu focus mk ngày đêm,xong lên x khóc than các thứ. Xàm lol
$ASTEROID Shiba found its bottom at around 50M.
Weak hands are out, SpaceX IPO is just a few days away. It is time to send it to Billions.
ethereum:0xf280B16EF293D8e534e370794ef26bF312694126
3 tuần từ lần Live gần đấy nhất khi mìnn View market thủng 78500 là sẽ sập luôn đến bây giờ . Hôm nay ComeBack xem có view gì để kiếm tiền không nhé Ae
Bật thông báo Live BiCanSa lúc 22:00 tối nay .
#LangNgheMargin