This wave of selling pressure, it is said, is due to a bug where there are no fees for redeeming staked assets. Those who have staked can verify this themselves. I reviewed the events of the past few days, this is my personal speculation. After the market opened, there was a pump, staking was opened, high returns, and the price of the coin rose... A large number of retail investors withdrew coins to stake. Due to the 7-day validation period, logically, the first batch of mining and selling should start dumping after 7 days... The market makers pumped for several days, spot profits, long positions profited, market capitalization soared, continuing to pump would come at too high a cost... They began to offload, dumping the market, adjusting the candlestick chart... 1: Clearing out long positions, from a high of 1.63 to 0.94, long positions are basically done for... 2: The bug of redeeming without fees caused a downward trend in coin prices, a large number of retail investors hurriedly took back their coins to sell and secure the profits from previous pre-market trading. 3: Since everyone only staked for less than 7 days before redeeming, the subsequent interest was lost, and the risk of dumping after mining and selling was greatly reduced... 4: Many who entered during pre-market trading will choose to take profits and exit, securing their gains. Those who entered at high prices and are timid will also be scared into cutting losses, further reducing weight... 5: Those who should leave have mostly left, and the market makers are picking up chips at low prices, gearing up lightly, what about the shorts? Everyone can think for themselves. These are all my personal speculations, please don't take them seriously!
Ha ha... everyone hurry up and take action, bring the coins over, they want to carry us.
LIVE
短鹏
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$USUAL Dear friends, if you have bought this coin on other exchanges, or if your friends have bought it on other exchanges, please remember to withdraw the coins to Binance after the trading is opened. They don’t have any coins at all. When we withdraw coins, they can only buy them from the market at a high price and withdraw them to us, so that the price of the coin will rise. Remember this, dear friends.
People who bought on Sesame with $USUAL only received half of the coins, the rest were refunded back to U, haha... this proves that other exchanges don't have any coins at all.
$USUAL Dear friends, if you have bought this coin on other exchanges, or if your friends have bought it on other exchanges, please remember to withdraw the coins to Binance after the trading is opened. They don’t have any coins at all. When we withdraw coins, they can only buy them from the market at a high price and withdraw them to us, so that the price of the coin will rise. Remember this, dear friends.
$USUAL lets you take a good look at the project, at least the basic information should be understandable, so that you don't lose the chips in your hands... A few pieces of information make it seem like you haven't even finished your compulsory education...
$USUAL There are many people who will be washed out in this wave. They just follow the trend and don’t even understand the basic information of this coin... Just wait and see, in less than two days, they will slap their thighs.