FaZe Banks on Solana investment
FaZe Banks shared that he earned almost $1,000,000 by investing in Solana at $8 following the FTX collapse. He explained the thesis for BAYC was evident, feeling like a "free money glitch" which was the general agreement, leading to the decision not to trade Otherside. The FTX event occurred shortly after, and he made substantial gains.
Transcript (en)
But BAYC, brother, the thesis was clear. It's like Bored Ape Yacht Club. Everything they've ever put out has a multiple return. It just felt like a free fucking money glitch. And a lot of people, that was pretty much general consensus, which is why we shouldn't have traded it. But also FTX happened right after. I made most of the money back buying Solana at $8, though. I did do that. I should have made a lot more. But I fucking, yeah.
