This round of asset losses seems to have spared no one.
If you didn’t buy meme coins, chances are you bought altcoins; if you didn’t buy altcoins, chances are you bought U.S. stocks; if you didn’t buy U.S. stocks, chances are you bought Bitcoin.
You held onto your Bitcoin, and it got cut in half; you sold all your Bitcoin and switched to U, and damn, the price of U dropped by more than 10% too.
In crypto, everyone has their own way of losing money and their own hardships.
$ANTHROPIC Everyone, don't buy the dip. Although the total supply is 18 billion, Binance split it at a ratio of 1:13, so most likely [the current price is equivalent to 100, far higher than 78]
So it's actually more likely to fall; going short makes more sense.
$INIT Impressive, the big players' long-short ratio is down to 0.9! Looks like we've attracted a big fish, huh? I added a little to my position. Let's squeeze them—10x!
Take a close look at the image above! What does that mean? Because the total number of shares is 16.9 billion, if the IPO valuation is 1.5 trillion, the price per share would be around 88. But Binance doesn't account for the total share count split; it may be using a split figure somewhere between 12.8 and 16.9 billion. If the shares are split into 12.8 billion shares, the number of shares would increase 12.8-fold, and the price would adjust accordingly [while the value of your holdings stays the same]. So the price would drop!!!! That's also why the price on HYPE is 1,600 while Binance's is 1,350. Why is the price on OK just a little higher than Binance's? Because it doesn't include the IPO shares. Now it all makes sense.
Anthropic Binance price: 1430; HYPE price: 1660. Why is the difference so large?
Binance price: 1430; HYPE price: 1660 Why is the difference so large? Because Binance has 1 billion tokens, while HYPE's total market cap is simply 1660 × 1 billion. If the IPO is valued at 1.5 trillion, then a 10% HYPE premium seems reasonable. Binance is completely different, though. Because the total supply is uncertain—it could be 12.8 billion or 16.9 billion, or some number in between. So we don't know how many shares it would be split into. Binance customer support replied: The following are “not yet considered common shares, and are therefore not included”: · Unexercised options · Unvested restricted stock units (RSUs) · Convertible securities that have not yet been converted into common shares
Hey, I've been asking AI and researching this for two days, and I'm still not sure whether Binance will split Anthropic at a ratio of 1:12.8 or 1:16.9. Does anyone know? $ANTHROPIC They also say it doesn't count as a convertible bond, and that the split will preserve the same rights. The main issue is that the total number of U.S. shares hasn't been announced, so that's still uncertain too.