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Andy Constan raised questions regarding the valuation metrics of the cryptocurrency PURR, noted on Blockworks. He reports observing a Market Net Asset Value (MNAV) of 1.4 and 2.1 on a fully diluted basis but seeks additional sources or mathematical verification to confirm these figures.
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Constan’s scrutiny of PURR’s valuation methods recalls his prior commentary on asset price behavior, particularly evident during sharp market movements, such as the period when he eyed short opportunities following the 20% decline in ONDS shares. His nuanced approach to potential long positions was also highlighted as ONDS experienced a 24% stock drop, reflecting a consistent focus on data-driven analysis amid market volatility.