Mar. 31 at 12:53 PM
$SVRN A Bull Trap
The PIPE holders aren't "investing" in SVRN; they are arbitraging it.They gave SVRN the NEAR tokens to create a "story." The story pumps the stock to
$9.00 (Fake Value).
They short the stock at
$9.00. They use the warrants to print shares at
$3.00 to cover the shorts.
Result: They pocket
$6.00 per share and still own the company.
The Bottom Line: The evidence is in the Volume Divergence. Prices are falling, but volume is non-existent. This is the "Quiet before the Storm." The real volume—the "Institutional Washout"—will only trigger when the price enters a
$3.33–
$3.75 "Golden Zone." But you do you: this is a risky game at a price above 3.75 in my mind.
