The $TRUMP coin was one of the largest liquidity extraction events in crypto history.
Once valued at $67.5 billion FDV. Now down 94% and total silence.
We don’t talk enough about the damage this did to genuine retail confidence in crypto.
@Real_JonSarge@amitisinvesting@esaagar You would simply weigh the costs and by the cheaper option in a vacuum. Barring countpaety risk, you would by the cheaper option for the needed insurance, regardless of if it’s a hedge on a prediction market or traditional insurance.
@DanBFox1287@georgedrage22 They also had opportunities to sign him prior to him hitting the open market for a fraction of the deal he got, but continually offered him insultingly low Aav extensions. I’d rather have him at $25mm/y than story
In 25 years we went from paying Manny 160m to salary-dumping Devers a couple hours after a Yankee sweep. On the Pu Pu Platter Scale from 1 to Verdugo/Wong/Downs, this was like an 8.5.