Some people thinking as STRK owners hold 90% of the liquidity and they gonna unlock 64 million STRK to raise funds for their personal development, they will pump the STRK hard before unlocking the coins.
I think this is the most stupid analysis one can make!
Here is the reason…
STRK has total 10 billion supply and they will be continuously minting more tokens.
Even if you think, STRK price 2$ means total 40 billion valuation. Which is totally impractical.
The project don’t have USP (Unique Selling Point).
The project don’t have any working infrastructure.
The project was founded and being regulated in Israel.
The developer who working on the project are from Africa. They gets very low salary.
There are already tons of better solutions like ARB. Also, SOL is now the king of this niche.
The founder has many criminal history and was involved in scam previously.
If you think all these, you know 2$ in fact a mock up price by the developers. They are trying hard to keep the price 2$ while gradually selling their coins. But once they unlock 64 million at once, the price will drop unimaginably!
They intentionally kept the unlock date on 15 April. As this is the estimated BTC halving date. Market will be high volatile. New investors will come. As STRK is acting like a stable coin, they may get fool thinking it’s a stable project and invest their money in.
I would say if you still holding the coin you made a big mistake. Because now you many not even sell at 2$.
Credit: #Salid
