TLDR You’re paying ~35% more for a business that’s 4 to 5x bigger. On 11/5, avici traded at ~1.3x (premium) throughput with ~$1.6M spend and ~7k holders. By the November update, spend had already grown to $4.1M with ~68% retention. Today it trades at ~0.4x (discount) with $7.1M spend, 4 to 5x higher usage, and similar ~70% retention rate. Price is ~35% higher but fundamentals are multiples larger. After a ~$100M cap peak the holders only moved from 13.5k to 12.6k. That’s shrimps/weak hands getting washed out; not the abandonment of a thesis. Keep in mind this is before business accounts, @moonpay , and trust score based on chain consumer finance even beginning to kick in. On top of this @AviciMoney drafted the most founder/holder aligned proposal I’ve see to date from all @MetaDAOProject projects. This is the market handing you a layup value play while it’s still looking backward.(CryptoISO)