That’s a lot of millions spent for a crypto card. Most projects in Neobank narrative have higher mcaps, with nothing close to that volume.
> Lead investor is Y Combinator in a $4.3M round
> with participation of Coinbase Ventures, Balajis, and SamsungNext
Most supply at launch was airdrop based; think more than 50%
and not a ton of liquidity yet; I think because they knew airdrop would be jeeted
Chart has a nice bottom now, and breaking out, so airdrop supply should be clear by now
Bad PA at launch so everyone forgot about it but given investors and stats this should clear ATH imo
to add:
• founder is former engineer of coinbase and amazon
• GSR as MM (not your avg. shitcoin). Given this + backers (coinbase ventures, bajalis) chances of listings are high
When Y Combinator leads a round you pay attention.
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