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Hindu
npub1azm…edhe
2024-08-27 04:01:46

Hindu on Nostr: I came across an interesting trade in the shitcoin world. And so I shorted $TON Who ...

I came across an interesting trade in the shitcoin world. And so I shorted $TON

Who are the largest holders of $TON?
1. Pantera
2. Kingsway Capital

Kingsway capital took a massive loss this year as they are heavily invested in Bangladesh (Kingsway Capital is a frontier markets fund that invests in Vices ie Tobacco and Alcohol). And now with this double whammy thanks to $TON they’re likely facing redemptions. I expect Kingsway Capital will soon be closed.

Pantera are US based and extremely cautious in terms of reputational risk.

Ergo $TON to ZERO!
Author Public Key
npub1azm7k8dnv3yvqe72wujad5snvyg9wvny3dkhta2vrxv2weuxjxgs3jedhe