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Fold (FLD) Ownership Breakdown
361 sats \ 9 comments \ @BlokchainB 9 May Stacker_Stocks
Now I see why I got dumped on when I bought SPAC shares. Most of the outstanding shares are with insiders and VC. Institutions only have 1.13%.
If fold can demonstrate crazy growth Wall Street will come in droves trying to own this stock. But if more insiders and VCs sell more pain is coming for us retail who bought into the company early.
But in Bitcoin per share value metric. Fold is ahead of 99% of Wall Street (including Visa, Apple, Google)
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60 sats \ 0 replies \ @kurszusz 10 May
It seems that the ownership distribution is quite centralized...
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87 sats \ 2 replies \ @sudonaka 10 May
Ten31 did the same thing with Grid mining. Then you realize why Matt and Marty are so committed to building trust with plebs using podcasts and appearing to be great philanthropists "helping" fund busybody developers with OpenSats.
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0 sats \ 0 replies \ @yoshi 10 May
Wait Marty/Odell are dumping on retail via ten31? That makes me sad.
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0 sats \ 0 replies \ @BlokchainB OP 10 May
🤔
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53 sats \ 1 reply \ @siggy47 10 May
I believe the recent Mallers Cantor Fitzgerald SPAC may have a similar situation, according to what someone was telling me.
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36 sats \ 0 replies \ @BlokchainB OP 10 May
Yep staying away from that for now
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0 sats \ 0 replies \ @8ce907e71b 10 May outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
0 sats \ 0 replies \ @BitcoinIsTheFuture 10 May
Can’t beat spot Bitcoin for risk reward!
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0 sats \ 0 replies \ @Cje95 10 May
Insiders and VC often have limits and schedules for them to be able to sell. Since the SPAC implosion institutions have stayed away so I’m surprised it’s actually over 1%.
Was Fold worth at the time $12/13 a share no but was it work more than $2.50 it fell to hell yeah. Growth has continued to climb the credit card is coming I mean they have really built this to easily succeed under this admin.
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