Although I'm broadly bearish on almost any new L1, I do think we see $MON find positive price action here out of the gate.

Not bc fundamentals, not bc real value, not bc organic buyers.

Coinbase has too much at stake to have their 1st ICO be a flop.

They'll burn cash to push it with their market makers wherever they want it to go.

This can only last so long though before it has to be self-sustaining, and I'm confident that $MON trades well below a $2.5B FDV a year from now.