《XAI is untrustworthy, where is the bottom line?》
The announcement is like a child's play. Is it really appropriate to change it three times? This is unexpected. Tucker said a few days ago that we should pay attention to risks. Everyone knows that we need to unlock it. Will it directly plummet and give the air force an opportunity? Conversely, it will not give the long army an opportunity. It must be a back-and-forth shock. Learn lessons. Too obvious news is a routine.
It was originally reported that Xai was scheduled to unlock about 198.4 million tokens at 5:30 pm Beijing time on July 9, which is 71.59% of the current circulation, worth about 55 million US dollars.
Then on July 9, 2024, it was reported that Xai issued an announcement stating that Xai contributors have agreed to re-lock their tokens originally scheduled to be unlocked in July within 6 months. As a result, the team's unlocking share has been reduced from the original approximately 85 million to approximately 17.7 million, and the updated unlocking ratio will be reduced to 36% of the current circulation ratio.
Furthermore, the chips that should have been unlocked monthly were unlocked daily.
This deliberate release of negative news and then a sudden increase in prices undoubtedly dealt a fatal blow to the Air Force. Don't go long, as there is a high probability of a sudden increase and a sharp drop. Entering the market at this time is undoubtedly a risk of losing money. For those who are currently short, it is recommended to open a long order to hedge risks and reduce losses.
