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15:37
Fuel and Bubblemaps, both valued at $1 billion by VCs, currently have market capitalizations of only $11 million and $6 million, respectively.
PANews, December 23 – According to a VC valuation and current market cap comparison chart released by CryptoRank, the market cap of most projects has shrunk significantly compared to their VC valuations, reflecting a correction of overvalued projects following a shift in market sentiment. Data shows that Humanity Protocol, Fuel Network, and Bubblemaps each had a VC valuation of $1 billion, but their current market caps are only $285 million, $11 million, and $6 million, respectively. The market caps of projects such as Plasma, ICNT, DoubleZero, Camp Network, and Treehouse are also far below their VC valuations, standing at $224 million, $247 million, $373,000, $15 million, and $16 million, respectively. In addition, the market caps of projects like Everlyn, SoSoValue, Privasea, Bitlight, Momentum, Kyo Finance, and Yieldbasis are all lower than their VC valuations. For example, Everlyn's market cap is only $26 million, while its VC valuation reached $250 million. CryptoRank reminds investors to calmly assess risks before investing and avoid being misled by market sentiment or hype.
15:28
Fasanara Capital purchased 6,569 ETH worth approximately $19.72 million in the past 2 days.
According to Deep Tide TechFlow, on December 23, on-chain analytics platform Lookonchain (@lookonchain) monitored that Fasanara Capital purchased 6,569 ETH (19.72 million USD) in the past two days, deposited them into Morpho, and borrowed 13 million USD in USDC to purchase more ETH.
15:28
Fasanara Capital purchased 6,569 ETH and borrowed 13 million USDC
Fasanara Capital purchased 6,569 ETH over the past two days, with a total value of $19.72 million, and deposited them into the Morpho platform. Subsequently, they borrowed 13 million USDC to further purchase ETH. (Lookonchain)
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