not looking good bruv, on track to do closer to $3m ATM today. Must remain open minded and adjust if the data does.
ORBS (formerly OCTO) disclosed this morning that they took $200M in credit on Sunday. I believe they’ve largely executed this and were responsible for much of the recent violent price action.
Premarket volumes are notably weak, and I expect ~$5–7M of ATM issuance per day. Given the new data and Worldcoin still trading close to the highs, I’ve fully exited my position and will reevaluate.
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