Domantas Gudaitis

[Domantas Gudaitis @arbittex]

@rtsideliver @OisinKyne The thing is, they work directly with institutions on a B2B basis, and those institutions just pay money straight into the company’s account. They’re financially secure. Meanwhile, we’re the suckers waiting around for crypto protocols like Lido to add more clusters.

[Domantas Gudaitis @arbittex]

@rtsideliver @OisinKyne Remember when these fraudsters made it their goal for the year to finally sort out the token, back when it was trading at $0.08? Protocol-owned liquidity, Obol Engine… lol. What a bunch of liars. I hope the law catches up with them.

[Domantas Gudaitis @arbittex]

@rtsideliver @OisinKyne @Obol_Collective @_Cryptoma It’s honestly unbelievable: such outstanding technology and such a strong team behind it, yet such a complete failure from the adoption team.

[Domantas Gudaitis @arbittex]

@StakeETH What’s going on with the $OBOL price? Holders are about to have nothing left to eat. Put some money into the pump.

[Domantas Gudaitis @arbittex]

They’re not going to do that.

First, they have 32 investors. It would be basically impossible to get all of them coordinated.

Second, the company is registered in Switzerland and they are public. If they tried to pump the price, they could face criminal liability for market manipulation.

[Domantas Gudaitis @arbittex]

No major player can sell their tokens because there is no real price and no liquidity.

@PanteraCapital sold their full allocation OTC a long time ago, at a completely different price.

What you should really be asking is this: why isn’t a single investor, including @etherealvc and @archetypevc, buying tokens to average down?

They put in millions at $0.10 and $0.25. At this price, they could average down aggressively.

But nobody is buying.

To recover the price and actually support it, they would need another few dozen million dollars. Investors understand that this @Obol_Collective is a dead project with no adoption, and they are not putting any more money into it.

$obol

[Domantas Gudaitis @arbittex]

@rtsideliver @Obol_Collective @OisinKyne @_Cryptoma There’s not that much less liquidity on Kraken than on Gate.

[Domantas Gudaitis @arbittex]

1/2
A team member who received 3.2M OBOL tokens for their work just moved their unlocked allocation to sell today.

Meanwhile, the team keeps telling everyone that everything is fine.
0x82Ef4D85BCe6672D9C44303aD753BC6845cBEDb6
@Obol_Collective @OisinKyne @_Cryptoma ethereum:0x0b010000b7624eb9b3dfbc279673c76e9d29d5f7

[Domantas Gudaitis @arbittex]

What makes this even more interesting: this wallet appears to be linked to Obol’s CEO and CTO @OisinKyne

And we are still supposed to believe that @Obol_Collective is the “staking endgame” that will power hundreds of billions of dollars in value?

$obol #rugpull

[Domantas Gudaitis @arbittex]

1/2
A team member who received 3.2M OBOL tokens for their work just moved their unlocked allocation to sell today.

Meanwhile, the team keeps telling everyone that everything is fine.
0x82Ef4D85BCe6672D9C44303aD753BC6845cBEDb6
@Obol_Collective @OisinKyne @_Cryptoma ethereum:0x0b010000b7624eb9b3dfbc279673c76e9d29d5f7

[Domantas Gudaitis @arbittex]

2/2
But insiders are selling their tokens at $0.008.

Do not trust them. This looks like a slow rug pull, and I hope they are held accountable.

[Domantas Gudaitis @arbittex]

@rtsideliver @Obol_Collective They won’t ever get it. The @ethereumfndn chose a different infrastructure for staking.

[Domantas Gudaitis @arbittex]

@rtsideliver @Obol_Collective If they actually wanted to restore the price, they would invest money into the token. But they clearly don’t want to part with the money that is already in their pockets.
@OisinKyne @_Cryptoma

[Domantas Gudaitis @arbittex]

@rtsideliver That’s exactly how it will be. Financially, this project is dead. They are just creating the appearance of activity so they can keep spending investors’ money without too much pressure. All the key players have already left.
@Obol_Collective $obol

[Domantas Gudaitis @arbittex]

@SimonSimon61049 @OisinKyne @bankrbot @Obol_Collective @_Cryptoma @iDecentralized This guy, Anthony Bertolino @iDecentralized , seems completely mentally unstable. I don’t understand why he hasn’t been fired yet.
@StakeETH @OisinKyne

[Domantas Gudaitis @arbittex]

@rtsideliver @Obol_Collective @PanteraCapital @DefiIgnas No, bro, they had 22M tokens. Here are the wallets where they received their allocation: 0x06633E33127257712c9f30e1949f47BEe7D17A1d —
0x72e974c811219e6C5406e46375A16F9f0a2461a9 —
0xC642A74Aa96DF1F867f41805d445989E54e99A16 1.55M
@archetypevc also had around 20M

[Domantas Gudaitis @arbittex]

1/ This is @Obol_Collective response to the question of why @PanteraCapital sold their tokens after previously saying they wouldn’t sell.

Full story via @DefiIgnas:
https://t.co/pSI76IKctk

[Ignas | DeFi @DefiIgnas]

Fun one: $OBOL 'DAO' removed the investor vesting cliff replacing lockups with 'voluntary commitments to hold.'

A ~33% unlock was ~1 week away before the decision.

They cited a Pantera conviction thesis as the proof of conviction.

But Pantera's allocation got consolidated months ago and 17.67M OBOL moved to Bybit to sell.

And Bybit delisted $OBOL yesterday.

$OBOL is down ~50% since the DAO decision.

Although there was no DAO voting, just the announcement.

[Domantas Gudaitis @arbittex]

@shalevhvs dm pls