Skate AMM is powered by $2.8 billion in economic security from our @eigencloud AVS, thanks to our enterprise-grade operators and liquid restaking partners.
GM to our 200K+ $PARTI holders!
Weekend liquidity has been poor, and implied vols in BTC and ETH have also moved higher. The market is under considerable pressure across the board, and we’re closely monitoring the broader market conditions. Over the past day, $PARTI has come under significant pressure, due to a combination of factors:
1.A sharp decline in US equities led to a sell-off in BTC and ETH, which in turn triggered a broad-based drop across crypto assets.
2.The 1% airdrop from Binance Wallet, which was previously disclosed in the tokenomics, happened to be released at an unfortunate time, adding to the pressure.
3.Bybit’s marketing team launched a campaign targeting new user registrations and trading of $PARTI. While it brought in new traders, it also introduced additional short-term selling pressure.
4.The break below the psychological level of 0.3, coupled with overall market weakness, may have triggered selling from previously idle or partially sold airdrop recipients (such as some UniversalX participants), resulting in a minor cascade of exits.
We’ve identified a key area for improvement—better communication and coordination with partners involved in token distributions, particularly around timing and campaign pacing, to align more effectively with broader market sentiment.