Plasma war room 🧵
We dedicated our morning today to trading the $XPL TGE, so I thought I’d share some of my notes
Maybe this might help you in pricing such events in the future, or maybe you are better than us at this and can add some more nuances in a comment
DISCLAIMERS: we very rarely trade manually like this, so we are definitely not the best at it, but we still like to throw our excess capital around when there’s a good opportunity. I’m not affiliated to Plasma in any way and I didn’t even know what the hell it was 48h ago
So, first of all I had to learn what the hell Plasma was. Apart from the obvious stuff, one of my favorite threads about it was this one:
From my understanding, the presale happened at a value of 500M$, and 10% was sold publicly, with a substantial part of it being sybil’d by the Plasma team itself. So 50M$ sold at a price of 0.05$, and probably around half of those actually went to the public. You can get more...
...exact figures if you dive into the biggest holders of XPL onchain, I believe they split it in about 10-20 wallets but I CBA checking now.
23.69K
162
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