Somewhat cynical point of view is that primary goal of most crypto tokens is to make founders wealthy. Price of CRO briefly went up almost 4x around the purchas

Somewhat cynical point of view is that primary goal of most crypto tokens is to make founders wealthy. Price of CRO briefly went up almost 4x around the purchase. I think it is safe a fairly safe assumption most that founders and execs have a decent amount of CRO. I do not have hard data if any of them took profits around that spike, but they would be dumb not to. So when you look at it from this lens, this netted CRO whales a massive payday. One interesting thing to look at is adjusted CRO/BTC market cap (https://i.imgur.com/9dlvZ0Z.png https://i.imgur.com/9dlvZ0Z.png). There are two interesting points there. First is - BTC spiked around the same time which would imply that all of the marketing did absolutely nothing or it was only enough to keep up. Second is that CRO/BTC market cap ratio dipped by roughly half since the acquisition. I am going to count this as a sign of a large sell-off which is consistent with some whales getting out. edit: ugh, I took a second look at that graph and the axis are not labeled. Green is CRO price and it is measured on the left y-axis, yellow is how much BTC you get per CRO and it is measured on the right y-axis.