BCITYBNB Chain
Research call·
SPECULATIVE LONG
real product, organic flow and a renounced, burned setup justify a small position, but with a third of supply bundled and no precedent to lean on, exit on a loss of the ~$500k area or any visible bundler distribution.
Reported FDV at call$481.56K
Last observed FDV$135.33K
Since call-71.9%
Peak since call0.79×
Market observation 14h ago · FDV multiples, not realised returns
1 thesis / signallatest 1d ago
real product, organic flow and a renounced, burned setup justify a small position, but with a third of supply bundled and no precedent to lean on, exit on a loss of the ~$500k area or any visible bundler distribution.