@Jimmybonkers_ In my opinion, founders of $DAG have known for a long time that the project was doomed. That’s why, over the past few months, they’ve been cashing out - first by selling the Constellation to the AIAI holding company, while also offloading their tokens and converting them to cash
Unfortunately, it gets even worse, in recent months, up to 15,000,000 constellation-labs:native have been dumped onto the market every month.
Everything is done via intermediary wallets, but that's surely just a coincidence.....🤦
I’ll just leave it at that!
@Conste11ation
https://t.co/0hgzmOPgn2
“@Aptos is well positioned for the transition to post-quantum secure transactions.”
- @coinbase Advisory Council Publishes Position Paper on Quantum Computing and Blockchain
https://t.co/DMAF10jSGZ
@Dagnum_PI If the $AIAI holding company invested $25 million in Constellation and paid the founders to acquire the project, why are they dumping such a huge number of $DAG tokens every month? Is this an exit?
Unfortunately, it gets even worse, in recent months, up to 15,000,000 constellation-labs:native have been dumped onto the market every month.
Everything is done via intermediary wallets, but that's surely just a coincidence.....🤦
I’ll just leave it at that!
@Conste11ation
https://t.co/0hgzmOPgn2
@Dexter_1104 In my opinion, founders of $DAG have known for a long time that the project was doomed. That’s why, over the past few months, they’ve been cashing out: first by selling the Constellation to the $AIAI holding company, while also offloading their tokens and converting them to cash.
@y_cryptoanalyst@Starknet@EliBenSasson Few people have noticed, but the biggest app on Starknet (the one responsible for 95% of its TVL and fees) is leaving Starknet and moving to Arc.
$STRK
@realLoyalSoon@Dagnum_PI I think the core team knows $DAG is doomed, so they’re trying to get whatever they can out of it while they still can.
Also selling Constellation to the AIAI holding is just another way of cashing out.
@Dexter_1104 And what about the $25M investment from the AIAI holding company? I think the team knows $DAG is doomed, so they’re trying to get whatever they can out of it while they still can. Also selling Constellation to the AIAI holding is just another way of cashing out.
@Dagnum_PI I didn’t say "every day", I meant that there were a few hundred people in the community, including investors, who posted about $DAG on X. Back then, everyone believed in the L0 narrative and the "partnerships"(which turned out to be nothing more than memorandums of understanding)
@Dagnum_PI I’m comparing it with 2020-2021, when hundreds of good accounts on X were supporting.
Now, only a handful of people write about $DAG, and most of the comments are negative.
It’s clear that the project has failed as a Layer 0.