CBduck.base 🛡️ Profile picture
Jun 4 3 tweets 2 min read Read on X
Base case 🔵
- 20% reduction in trading Rev
- 3% reduction in service Rev due to lower $ETH staking commission.
- helped by @base sequencer fee
- $1.35B Rev, $0.87 EPS

Above is priced in by Wall Street

Optimistic case 🔴
- trading rebound due to $ETH ETF
- $1.52B Rev, $1.44 EPS
We will miss or beat Wall Street consensus depending on volume injected by excitement of $ETH etf and onchain summer II.

Like I said, don’t gamble on calls, $COIN has been strong given this volume suppression. After market starts to move for $ETH etf, we shall see higher Rev.
Optimistic case is not priced in by wall street currently, and should be used as good upside for $COIN. All depends on how $ETH will move.

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