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!
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!