According to Odaily, Arthur Cheong, the co-founder of DeFiance Capital, expressed his disappointment over the Fully Diluted Valuation (FDV) of BLAST. At the time of its launch, BLAST's FDV was only $2 billion, which was significantly lower than the expected minimum of $5 billion. Data from CoinGecko showed that BLAST's FDV had once surged past $2.8 billion, but it has since fallen below $2.7 billion. Cheong's comments highlight the volatility and unpredictability of the cryptocurrency market, where valuations can fluctuate wildly in a short period. Despite the lower than expected FDV, BLAST continues to operate in the market, with its future performance yet to be seen.
DeFiance Capital Co-Founder Expresses Disappointment Over BLAST's FDV
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