This theory would certainly look a lot more likely if SBD experienced a drop as these same "dumb-money" investors panic back out of an asset they suddenly realize is "supposed" to be pegged to $1.
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This theory would certainly look a lot more likely if SBD experienced a drop as these same "dumb-money" investors panic back out of an asset they suddenly realize is "supposed" to be pegged to $1.
Not really, if you spent $14 on a $1 asset, how quickly would you want to go and sell it off at $1?
Also, the FOMO train has no brakes.
You mean there's no one running this train or able to stop it!!?!