The 2 bets $ZRO and $ZK are not only 2 national bets that are concave but also 2 fund bets that are currently very concave!

Currently, the Tier 1 funds that invested in the last round in $ZRO and $ZK are all losing money!

$ZRO last round raised capital of 120 million with a valuation of 3 billion ---> Currently FDV is 3.5 billion and it won't be until May 2025, almost a year later, that they will start unlocking tokens!

Calculated based on the OTC discount trading method, if they want to sell immediately, all of A16z, Circle, Sequoia,... are all at a heavy loss.

$ZK last capital round of 200 million - valuation based on $ZRO must be about 4.5 billion USD!

And currently $ZK's FDV is only about 4 billion USD. Dragonfly, Blockchaincapital, A16z continue to suffer heavy losses

Obviously, you can now refer these two tokens to the whole market to see that we - retail investors - are in the position of VCs investing in the following rounds.