It was a huge bomb when $CRV went off, and it is a prime example of how liquidity is more important than asset value.

Curve's CEO showed wisdom in wanting to sell coins without wanting to cause opposition from the community. By creating a more sophisticated mechanism, he solved the liquidity problem without hurting the project.

One DeFi gamer took advantage of this opportunity to generate profits by encouraging the community to participate in $CRV farming. Meanwhile, another person used $CRV as collateral to borrow money and intended to take profits from the beginning. Thus, they solved the liquidity problem without hurting the project.

The way DeFi “whales” interact is a prime example of how they can create massive market movements. Therefore, taking profits even though it is only 20% is a wise decision in the face of such sophisticated tactics.

As for coins that are simply listed on exchanges to create liquidity, the strategy is often to create bull traps to attract investors and then sell when the price peaks, creating a series of bulltrap to attract investors.

#TopCoinsJune2024 #binance