$REKT Update
- ◆Previous Thesis: https://www.bidclub.io/posts/cm9v4jbkw0000fb0d63g15upt?invite=cm9v4jc2c0003fb0dowx49kin
- ◆BidCast Conversation: https://www.bidclub.io/posts/cmcvwbx9g0000tuges1zv87ut
Quick Update on the idea
- ◆Recent drinks sales (including Jupiter + Binance US collabs) have taken the total number of drinks sold now to 760k
- ◆They did a small test with 7/11 which sold out very quickly. around 3000 drinks. Could lead to potentially larger shelf space
- ◆Still no T1 CEX listings
- ◆Team has purchased a Hyperliquid ticker in the spot auctions and expects to launch spot there soon
- ◆Future collabs and wider product range have been teased by the team
- ◆With the recent price action we are entering a reflexive loop. Each drink bought gets you $REKT tokens which with price appreciation gets more valuable. Also the USD revenues can be used to keep buying back tokens
- ◆The other hidden part is that team now has a large treasury/marketing through in tokens. Even if a small amount is sold that can be a large cash outlay to get more production and marketing/partnerships in web2.
- ◆On community side get a lot of attention now but this could be also a function of price.
I continue to be bullish on this and holding my position with buy on Dips
Affiliate Disclosures
- •The author and/or others the author advises do not currently hold, or plan to initiate, an investment position in target.
- •The author does not hold an affiliated position with the target such as employment, directorship, or consultancy.
- •The author is not being compensated in any form by target in relation to this research.
- •To the best of the author's knowledge, the information provided here contains no material, non-public information. The accuracy of the information is the responsibility of the reader.
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