Can anyone tell me how they arrived at the $186m figure? Are they just multiplying the last traded price by total supply, and forgetting about market depth/slippage?
I mean, if I sell a plastic cup to someone for 10 cents, and then go produce 100 million of these plastic cups, do I have $10m in plastic cups? Or could it be that I’m unable to find 100 million buyers each willing to pay 10 cents for a cup, even though that’s the last traded price?
As far as I’m concerned, the amount of USD they’ve raised equals what they could earn by executing a limit sell order with a price of zero into the Filecoin/USD market (thus eating up all bids).