$THE Must see for holders!!
Attention!
I believe you all want to know why it has dropped so sharply.
Let me explain the reasons:
The main reason is that those who entered the internal market saw the price of THE soar to 4U and couldn't resist selling. They started selling at a discount price to exchange for LITHE to cancel their locked positions. Additionally, some of the BN airdrop recipients also started to sell, which is why the price has dropped significantly.
The secondary reason is actually related to arbitrage; many people bought THE to exchange for LITHE, and the officials said they would repurchase, which allows for arbitrage and earning coins.
This kind of play is clearly against the interests of the market makers; they won’t be charitable and let you earn coins without risk.
Of course, those who bought spot don't need to worry. The base-supported leading token AERO has a FDV of 2 billion, and even the worst of THE supported by BN should reach around 2 billion.
For those who haven't entered, I don't recommend buying at this price level; in a bull market, playing with new coins can easily become a source of nourishment. If you insist on entering, I can't control that.
Summary: Looking bearish in the short term, the price reaching 1.5 is possible,
Looking bullish in the long term, first aiming for 6U. If this round can't rise, then we can only wait for the next bull market.
