https://t.co/dnwHcmkify’s $CHIP is now live, trading at ~$600M FDV.in my valuation report, my base case supported a ~$330M FDV. my bull case reached ~$1.7B, or roughly 3x from here.at current levels, the market is already pricing meaningful execution. the key question now is whether @USDai_Official can convert pipeline into funded originations at scale, while proving durable value routing to $CHIP holders.
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