There is a pre-launch perpetual market for the second hottest token issuance in recent memory, which traded $200M+ in the past 48hrs, has $120M in current OI, and is trading at a 37.5% premium to the ICO which is happening tomorrow. And you're fading it? Interesting. $PUMP

Remove your takes/biases on the future state of that segment of the market, and/or the 'quality' of the revenue. Just look at the numbers right now. The market is telling you, in size, that the demand for this asset is at a premium to the offering. It's that simple.

My base case is as follows: - The market balked at the size of the offering, would assign 10% probability that it fills in a day - I believe that there's a 60%+ probability it fills within 12 hours, which will catch market offside - Scramble ensues, TGE Monday, $1B+ volume GM