1.5mil $ATOM went to Bitfinex Exchange yesterday
Another 1.5mil from cosmos1zr7aswwzskhav7w57vwpaqsafuh5uj7nv8a964 finishes un-delegating today, as well as 6m (3 mins apart) from cosmos1cj7u0wpe45j0udnsy306sna7peah054upxtkzk
which delegates to the same validator and has previously used Binfinex (cosmos1h9ymfm2fxrqgd257dlw5nku3jgqjgpl59sm5ns).
🫡
The Solana Unlock schedule is insane especially with https://t.co/DBCztRWS2D falling apart.
Billions coming to market Q1 2025.
I don’t know how the price stays afloat with this much supply and no ETF and massively decreasing activity.
Recipe for disaster.
The alpha move is to close down your chain eco and consolidate to the winners. There are too many chains, too many coins and we are failing to capture imagination because of tribalism.
This lead me to this thought -
imagine buying merch. paying in $ISC means the retailer has full visibility of my entire wallet balance and spending history. that's a gift to the merchant but a blight for me.