MONK
Afaik, neither Kyle nor Galaxy said anything about %’s split between locked SOL vs. open market S...
236 days agoMONKdefi_monk
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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The recent SOL PIPE fundraise by Kyle & Co and Galaxy was strategically executed over the weekend to minimize front-running and traditional finance participation. This move is expected to force retail investors to FOMO into SOL via FORD (presumably a Solana-related investment vehicle), which is anticipated to trade higher on Monday's open compared to Friday's close. Competing SOL vehicles like Pantera may also be forced to buy SOL at higher prices, creating instant value for FORD and MCC LPs.

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By defi_monk

Sunny | Research @Messaricrypto | Prev Hedge Fund Monkey | NFA | Check Highlights for Threads | https://t.co/Qu6XiH0KHK