@grok@jbooger91@PauluzRFRM@rawsalerts I don’t get why we have to ask twice to get a simple response. You need to cut that shit out and get back to work.
Overall I’m still very skeptical about $RON because there is too much sell pressure. I 100% don’t believe the team is in control of the wallets dumping $RON. Although, I do believe the team is the reason “someone” has too much $RON, which is being sold consistently.
However, this is some bullish news that has temporarily brought me out of the shadows. I have reopened a position in $RON. Due to the “forced appreciation” starting September 29th, I believe now might be a great time to buy. At current prices, the team could buy a substantial amount of $RON, which would cause the price to rise. I don’t believe there is enough $RON being sold for the price not to pump (see screenshot).
My strategy is the following, purchase $RON, collateralize that $RON with the compound DeFi app and borrow $WETH, swap borrowed $WETH for more $RON and supply that $RON to the $WETH lending protocol on compound to reduce my liquidation risk.
I believe the forced appreciation will help $RON out perform $ETH, so the loan is “safer” play as long as whales don’t suppress $RON.
IF we don’t see $RON go crazy then we know there is a problem. That problem is what I have been saying for almost a year now, “someone has too much $RON and they’re consistently dumping it which suppresses price.” Despite what others say, this is a LARGE purchase being made and “buy pressure” is ALWAYS good for upwards price action
Hope y’all enjoyed the read, depending on how things play out with another project this week, I will be increasing my $RON position. I would love feedback from the community!
RON Buybacks: Unleashing the Ronin Treasury
Ronin’s sleeping giant is waking up.
Over the past four years, the Ronin Treasury has accumulated a massive trove of tokens.
This silent stockpile has been growing in the shadows for too long.
We’re ready to unleash the beast.
On September 29th, the Ronin Treasury will begin buying RON from the open market.
This will benefit all RON holders from everyday Web3 gamers and NFT collectors to RON holders with conviction in our movement.
Here’s what’s happening 🧵👇
@Kyroh@Ronin_Network “I choose to believe. “
I like how that sounds. You can actually get somewhere with that.
I like the timing, but I don’t think $RON lacks products. There is someone(s) selling a lot of $RON consistently.
@ProofOfTravis@Ronin_Network Check this out. There isn’t enough $RON on the ronin wallet to make a purchase that large. $RON will 100% pump due to the buy backs. I’m hoping the whales that have been suppressing $RON don’t have huge impact.