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Looks like $PSKY holders are feeling the heat today. The token's taking a dive after some massive news dropped from the traditional media world.
Netflix just pulled off a monster deal—they're scooping up Warner Bros. Discovery in a $72 billion acquisition. And yeah, that figure includes the debt pile. Pretty wild move in the streaming wars, right?
What's interesting here? The crypto market doesn't exist in a vacuum. When legacy media giants make power plays like this, it sends ripples through related digital assets. $PSKY's price action is basically reflecting how investors are digesting this major industry shake-up.
The $72B price tag puts this among the biggest media consolidation deals we've seen. Warner Bros. Discovery brings HBO, CNN, Discovery Channel, and a ton of IP to Netflix's empire. That's a lot of content firepower getting concentrated under one roof.
For those tracking $PSKY, this slide might be about market sentiment shifting as capital gets reallocated. Big traditional media deals can pull attention and liquidity away from emerging digital assets, at least in the short term.
Keep your eyes on how this plays out over the next few sessions.