This definitely isn’t something I disagree with. I keep multiple databases tracking every projects and i know how to track wallets to see if something is being clearly influenced by whales with multiple wallets. The average person isn’t going to do that.
I wouldn’t be surprised if you read that. There’s a lot of absolute squids in the space right now because of so much money in the space. But I would be very confused if it was about BAYC which is really at the forefront of the space and always in the public eye.
one thing I’ll say about BAYC is that they released their mutant club. It’s a second tier membership. They released 10K for free to bored ape holders. They released 10K in a surprise public sale. They didn’t tell anyone, didn’t market it, didn’t ask. Sold 10K for ~110M in under an hour in money they raised.
Apple, FB, MSFT, Tesla, Google, Amazon etc are companies that I think could do something similar where they just trade IP for 100M+. But it’s not a super long list. And I think they could do it again tomorrow. Now what they do with those funds is the other piece of that. That could go towards building something great for the holders, it could go towards their pockets and they pull the rug of the century. I obviously believe it’s the former lol