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update on my $SYN trade:
sold 95% of my position (avg. exit $0.56)
i took this trade because the onchain options narrative was really strong, especially with hypercall offering pre-IPO spaceX options
it was an easy buy at $7M FDV with their token being listed on and , plus their planned rebrand to focus on options settled on hyperliquid
didn’t expect it to run this hard tho, up 20x from my entry in just 2 weeks
the fundamentals aren’t there to support this kind of move at all
taking profits to rotate into $HYPE and $DRV, and i’ve set some stink bids to buy back in if they dump it back below $30M FDV
thank you arthur hayes for the exit liquidity