I think there was a bit of arrogance that the current crypto validations would hold out and they would be able to ride an average value for their tokens to maintain a burn rate!

Like you said it didn’t happen overnight and I don’t see why when the market hit ATH didn’t they cash in and build runway for at least the next 3 years!

It may seem like simple fixes but it’s not always that tech companies know how to manage money, I’ve seen it first hand working in tech myself! We burn money like there’s no tomorrow and we shocked when we go belly up

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