continue the topic of unlocking and selling tokens. I talked about Arb, now it's RDNT.
RDNT is a token with high inflation due to unlocking and a lot of tokens used to reward users. If I remember correctly, over 80% will be used for rewards. The peak was in August when the dev team voted to increase 500m to the total supply and pushed about 300 straight into circulation. It's frustrating for holders đ. The fact that investors are fomo following news, prices and the market in the case of RDNT is too accurate when from the beginning of 2024, the amount of tokens held by small investors has continuously increased and sadly it peaked right around March-April when the market peaked. about over 100m tokens. It's true that buying at the peak. After the market correction, small investors have been selling continuously and the peak was in early August. Currently, there are only about 50m left. It is true that MM is very good at selling goods and we also sell at the bottom very effectively, right? đ.
As for whales, many people think that this dev team is dumping continuously, causing the price to decrease, but that is not true. Surprisingly, in the past 2 years, whales have continuously maintained a token holding ratio of over 80%, although they have just pumped in 300m more tokens, but they have not sold. The evidence is that in July-August, when the price hit bottom, whales increased their holding ratio from 82% to over 90%.
So why did the price decrease? In my opinion, the fear of small investors selling and partly from the rewards from users selling, while whales simply did not support the price and waited for the low price in August and bought back. The proof is that from 7th to 8th they have collected up to 5% of the total supply while we are still busy cursing and cutting lossesđ«Ł. This does not mean that the price will increase soon but shows us 2 important things đ...
