$CAKE, which is currently worth $17 million, is facing an annualized borrowing cost of 133%+ and is preparing to participate in the $MOVE IFO in 3 hours.

If we follow this data, IFO will probably overraise by 42.5x, which is close to the winning situation in Example 1.

*$MOVE’s opening market value is only ~$220,000

Detailed analysis: https://twitter.com/0x1Charles/status/1623570400100876288