Kyle Reidhead | Milk Road
Kyle Reidhead | Milk Road
SPK-11.00%
only in crypto do we get such obviously mispriced assets $SKY has been mispriced all year it's outperformed the market since Feb, but the fundamentals of the asset continue to grow it's a complex asset to understand, but once you do, it becomes very obvious
Jon Charbonneau 🇺🇸
Jon Charbonneau 🇺🇸
the past few days $SPK has run >3x, now ~$1.43bn FDV meanwhile $SKY hasn't moved yet, now ~$1.97bn FDV but the Sky treasury actually holds 65% of $SPK (w/ plans to use over 10 years to incentivize USDS growth), now worth ~$1bn feels like one side is mispriced
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