Someone broke the news on Twitter that the MAGIC project party sold its pledged tokens at a price of 0.28 through offline OTC.
It should be explained here that the pledged tokens cannot be transferred. If they are really sold, the project team's wallet may be delivered directly.
At present, the market has begun to panic and sell stocks. My personal suggestion is not to blindly chase short positions.
In fact, if you look carefully, the incident is currently just being fermented on Twitter, and the market is panicking. There is no accurate information yet, and many people are hyping that it will be removed from the shelves. But the news is unconfirmed, just an emotion, and that's one of them.
Even if you really do this, you are basically selling your entire project at a low price. It should not simply sell the pledged tokens, because this is meaningless. Behind the scenes, the project should be packaged and sold to others, because the token itself Not bad, with a market value of 100 million, a contract pool, and certain operability and tradeability. I don’t know how many similar projects like this are folded every day on major exchanges. They just change the project side to work. In this case, as long as we publicize it in a timely manner, we will not be removed from the shelves by Bian. This is the second one,
The top ten addresses of this token hold 93.5% of the tokens, and the project party's address holds 78% of the tokens. The overall degree of control is relatively high, and the chips are relatively concentrated. If you don’t throw away the top ten addresses, you won’t be able to get much space. Retail selling may only give others the opportunity to accumulate funds at a low price.
It is predicted that this token may start to be speculated and traded at some time in the future by taking advantage of the opportunity to speculate. Then there will be another bloody storm!