@GypsyZeek@TateTheTalisman@Cobratate You are totally right about the burn not affecting the price tho. There was an elastic supply token on eth, a ponzi, & it had regular rebases on every 15 seconds and the rebase decreased tokens from all wallets who didn't stake, including from lp pool, so the price was increasing
@GypsyZeek@TateTheTalisman@Cobratate True, we know, but that's not what Tristan said tho. If that burn wouldn't have been made by a celebrity & if the amount would have been small, no one would care so a price increase wouldn't have happened. But what Tristan said is perfectly valid, everyone else's value increased!
@GypsyZeek@TateTheTalisman@Cobratate Yet, there are less tokens available for a potential sell. And the value did increased because of his burns, but indirectly: he was sent 50% of the supply of a token. When the community saw that instead of nuking the chart he burned them all, they bought more without fear of nuke