However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch? This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath.
I wonder what percentage of this community are the ones even investing. Before people even really even knew the IPO was open here, there was already a lot of money in the IPO. I am assuming companies/investors are coming outside of the crypto community too. It's not like some random alt that just made a thread here a week before the IPO opened ... it had a ton of exposure.
To be profitable, buyers would have to come from outside of the typical crypto community, most likely. With that amount of money invested, they surely could make some noise marketing-wise. So it'd then be those not typically interested in crypto, reading about some wildly successful IPO, or an article about how Ethererum is the next 'big thing'... and so on. Not so sure there is enough of them to make this profitable for investors buying in now, but I wouldn't say it's impossible either. It's certainly risky though.
I think this has been the most publicized IPO ever. And with a 40 day on ramp for investing, I think the community will be well versed. However, I do think there will be some buyers. More than sellers, wow, thats a whole other story.