Took a position in the Monad public sale. These are my reasons I don’t believe this would go as high as the megaeth sale.
1) Market is bearish right now, Bitcoin and major alts are performing badly, people definitely not willing to take risks. The current pre-market price is also about 65% above sale price.
2) This sale is happening on Coinbase a CEX, there’s worries about their customer service being terrible and chances of having your funds locked up.
3) Airdrop participants not happy with token distribution and lots of several bearish sitatuons going on in the Monad ecosystem.
Downside - Megaeth would be freeing up funds in 3 days, so there would be more liquidity available for people to enter the sale. Also this sale is open to all of the US. Chances are people start to deploy liquidity late into the sale. I would be looking to cut losses around 35c or take a bigger size position around $1bn to hedge.
Thanks for your attention to this matter.
I’m proud to announce that I’m one of the top farmers on Monad, ranked among the highest.
To celebrate, I’ll soon open Louis’ Little Farm, a Telegram chat for the whole community, whether eligible or not. I don’t care, we should all farm the mainnet together and share our plays.
I’m not a guru or an alpha caller, but I do have a lot of information and some insiders. And you all have knowledge too, so let’s bundle it together and work as one.
Monad gotta be an alltimer in foreplay, just enough and right a touch to get and keep you aroused but no penetration.
this is an insane skill to have.
truly impressive.