guys, today I have read one post on reddit saying that chia, as a company, is valued at 0.5 billions but they have premined cca 21mil coins x 250 USD = they are sitting on 5 billions (so 10x more as value of company)..
that comment was like - wait for IPOs and don't buy today so my really beginner in economics question is - is it an indication for price to go 10x lower..?
because this is how I understand that comment and I'm like
1) where to get a info how much chia as company is worth?
2) if the company is really worth at 0.5bil and has 5bil in coins, will it lower price 10 times?
maybe some of you are bigger maniac on economics then me...