FloorDAO, which seeks to build products for “NFT-Fi,” recently sent over $2.5 million of its treasury – in crypto tokens and NFTs – to a splinter group called FloorkDAO that was controlled by activist investors and comprised of dozens of disaffected holders who opted to join their exodus. The splinter group quickly initiated a redemption that paid nearly $5 per FLOOR, close to this year’s high water mark for the struggling asset, which is currently trading at $3.88.
No one has cash to “buy the dip” but $7.7T could rotate into Bitcoin if prices stay beaten down
I came across some analysis this morning that cut through the usual stream of charts and market takes with a...
