strong buy
Fund Faces 70% Loss; Plans $1B SOL Treasury Raise
The liquidity fund experienced a 70% decline in the first quarter. A solution has been proposed: raising a $1 billion round for a new SOL treasury company.
Joe McCann, a co-founder of the fund, recently made a public mistake on Twitter, attributing the 70% drop in the hedge fund to deliberate liquidations of trading positions on the Hyperliquid exchange, aimed at farming the token's drop in the second season.
Just one day later, he announced a $1 billion fundraising effort for a new treasury company that will hold SOL.
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AI Analysis
The hedge fund's 70% decline in the first quarter suggests significant volatility and mismanagement or strategic liquidations that may have backfired. The attribution of this loss to deliberate tradin...
AI Recommendation
Investors should monitor the fundraising progress closely, as this indicates a strategic pivot driven by recent losses. The focus on SOL could either bode well if Solana's ecosystem continues to grow ...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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