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Im genuinely intrigued by the $2.2 billion in SRM The peak market capitalisation of SRM was less than 1.5 billion (according to coinmarketcap.com ) . So how co

Im genuinely intrigued by the $2.2 billion in SRM The peak market capitalisation of SRM was less than 1.5 billion (according to coinmarketcap.com ) . So how could FTX's holdings every be valued at 2.2 billion?

Marazan 4y ago
Ah, I think FT story made a mistake, it isn't 2.2 billion dollars of SRM, it is 2.2 billion tokens. Biiiiiiiiig difference.
- clarkeni 4y ago
  It’s 2.2 billion dollars - but it’s using fully diluted value rather than circulating supply market cap.
  - Marazan 4y ago
    Yeah, you are right. That is still bonkers crazy nuts.
    - grey-area 4y ago
      Even more bonkers is who minted all of those coins? Was it FTX?