Recently, the more aggressively SBET shouts about its financing goals, the harder its stock price falls; the dilution effect is too strong. Meanwhile, BMNR, relying on the hype from Tom Lee, the king of shilling, and the financial backers Wood and Peter Thiel, has barely managed to maintain a sideways trend for 17 days...
Now, SBET has brought in Joseph Chalom, the former head of digital assets strategy at BlackRock. Let's see if he can attract higher quality traditional LPs to participate in PIPE/CB and other structured financing, optimize financing costs, raise valuation anchors, and stabilize the secondary stock price.
When ETH is shouted out by these 6 guys, especially the 2 on the left, Tom Lee and Sister Wood, we should realise that the market bearish caused by the Ethereum Foundation's daily coin sales is a thing of the past.
Vitalik: Oh no, I've become a stand-in.
2.79K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.