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#BAKE
$BAKE
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BITCOIN
DUMPING HARD BUT BAKE AINT MOVING. Will close this, low conviction
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CillionaireMind
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Bearish
$BAKE #BAKE đ
I'm SCALP SHORTING BAKE AT 0.2530-0.2520. TOP GAINERS TODAY ARE TOP LOSERS TOMORROW.
Pray for me.
Will update if on profit, lost or closed at breakeven.
Pray for me.
#BAKEUSDT
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$MANTA #MANTA đđ BIG WARNING đš @MantaNetwork is an Ethereum Layer 2 Network, will unlock 7.12M tokens worth $4.12 Million on September 18. This unlock represented 0.71% of its circulating supply. The release was divided as follows: Ecosystem +1.59% (+3.37M tokens), Foundation +1.39% (+1.88M tokens), Advisor +2.31% (+1.87M tokens). Today, the price of Manta is at $0.65 showing a monthly slight decrease of 2.00%. đ WHAT IS THE UNLOCK IMPACT?đ± When a significant number of tokens are unlocked and potentially sold on the market, it can create a supply shock. This sudden increase in available tokens can lead to a decrease in price due to the basic economic principle of supply and demand. But it is a notably short-term price drop, possibly because a significant portion of these tokens are being sold and retailers are shorting the token. NOTE: token unlocks lead to price drops. If the project has positive momentum or the demand for the token is high, the price may remain stable or even increase despite the unlock. What is INVESTOR Sentiment? đ€ It can lead to uncertainty and fear due to the potential for increased price volatility. On the other hand, they can also be viewed positively as they often represent a milestone in a projectâs roadmap and can attract new investors looking to buy at a potentially lower price point. đ€ History of #TokenUnlocks A research study looked at over 5000 events where tokens were unlocked. The study found interesting patterns that showed how the supply of tokens and market feelings are delicately balanced. 1.Small Unlocksâ (from 0% to 1%). it doesnât really affect the price of the tokens. 2.Big unlocksâ (More than 2%) it tends to have a noticeable negative effect. BUT, unlocks can vary based on various factors, including the overall state of the market and investor sentiment at the time of the unlock. ANALYSIS: These Manta Small Unlocks will not affect the price. While it increased market volatility, they also present unique opportunities for investors. #MantaNeverStops
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#MantaPacific is the first Layer 2 #L2 to leverage MultiDa. Previously, Manta Pacific was the first general L2 to go modular by integrating #Celestia DA đ„ Manta Pacific is the largest modular L2, and taking advantage of modular DA has saved it's user more than $11M in gas fees. The lower cost and scalability translate into a better user experience, reducing the friction and cost for each transaction across the 200+ exosystem application and Partners live on Manta Pacific #MantaNetwork also becomes the first L2 to take advantage of MultiDA by adding integration with EigenDA, NEAR DA, 0G, Nubit, and Dill on Testnet. ANALYSIS: Manta networks grows rapidly and the transaction volumes increase. By integrating with multiple DA solutions, Manta can greatly enhance its uptime and resilience. $MANTA will continues to pioneer solutions that enhance blockchain scalability and security. Send @MantaNetwork $MANTA đ $MANTA đ
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$PROPC #PROPC đ RWA allows assets like real estate, stocks, bonds, patents, and intellectual property to be tokenized, giving investors the ability to purchase tokens and gain partial ownership of these real-world assets. Today, #RWA has a market cap of $6.2 Billion. Boston Consulting Group predicts that market size of RWA in 2030 will reach $16 trillion. That's 400x Growth đ Currently, @propchainglobal $PROPC is outperforming the RWA market in the last 7 days overview. Another recent milestone is the Propchain DAO proposal which achieved a landmark 25% reduction in the total token supply which is very sustainable and bullish CEO: @propchainmaster đŠđȘ He is Featured in Dubai's TOP 100 List among the most Powerful CEOs in the Emirate. #63 Other RWA: $DUSK $TRU $QNT $RSR $CTC $SMT $ONDO $OM $PENDLE $TOKEN $HIFI $LTO $LINA #PropchainGlobal #Propchain
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$FTT #FTX đȘ $16 BILLION will be returned to creditors in the next couple of months from FTX. Wil the creditors exit the market then? đ #FTT
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$ETH #ETH đ HUGE VOLATILITY đš $450M PLUSTOKEN FUNDS MOVED âŒïž #Plustoken wallets have been connected with dozens of wallets moving $464.7M of ETH in only the past 12 hours. âïž Plustoken was a 2018-19 Ponzi Scheme that scammed investors worldwide for between $2B and $2.9B in cryptocurrency. 789.5K ETH ($191.9M) was moved from a Plustoken wallet and distributed through hundreds of intermediary wallets in June 2020. The ETH moved from Plustoken wallets in mid-2020 is worth $1.9B at todayâs prices. NOW, The remaining funds remained dormant for the next three years, until they began moving again earlier this week During a 12-hour time period on Wednesday, 196K ETH ($465M) in wallets connected to PlusToken was moved to new wallets This post only concerns #Ethereum not #Bitcoin Via: arkham #CillionaireMind
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