Hehe CertiK wants a $2B valuation for its IPO.
But somehow everyone forgets that the same CertiK launched token CTK on Binance Launchpool back in 2020.
That token, unsurprisingly, speedran its way to near-zero… and then magically rebranded into @ShentuChain 😅 (almost all of the previous information was deleted).
Hopefully the IPO valuation will be more grounded, because as an auditor CertiK is, objectively, pretty weak — there were plenty of incidents a few years ago.
And the argument that “$2B is fair because they raised at that valuation at the peak cycle 4 years ago” doesn’t survive even the lightest scrutiny.
