Market is not fully buying the $15B+ FDV prints on $RAVE here.
Even with FDV sitting around ~$15.3B, @42space pricing is still pretty clustered:
Above $15B is leading, but $12.5B–$15B is right there, with lower bands still very much alive, with ~4x upside if they hit.
After a 58x move and ~$90M liquidated, imo positioning already got stress-tested once.
Now it really becomes a question of acceptance vs rejection at these levels. If RAVE holds up here, the lower bands should start to reprice and the sub-$15B ranges should fade.
I’m leaning toward acceptance here, so entered on 'Above $15B'.
FDV markets on 42 are pretty fun to trade cause these ranges are actual tokens (outcome tokens minted on a bonding curve), not just yes/no bets slapped onto each band.
Each range (token) has its live price, moving on its own as positioning shifts and info flows, so the whole thing feels more like trading a market than just picking a side.
And payouts aren’t capped at $1 either, the winning outcome token absorbs the market cap of all the losing ones in the event, and is split among winners.
Anyways, what’s your read here?

From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.


