@analogue trully fuck you for this stupid "sold out after few minutes" bullshit practice that you do for years now. You only realease small amount of consoles that are sold out instantly to create fake scarcity and make scalpers happy
The $WLFI team should have made a vesting contract for both the ecosystem tokens and those of its treasury company Alt5 Sigma. I really don't understand why they did not do that.
Now the circulating supply will be 24B instead of 5B. The 19B difference is in fact NOT in circulation, but since the ecosystem tokens and ALT5 Sigma are not locked via a smart contract, Coinmarketcap counts them as circulating (while in fact they are not, so in practise it's still 5B). And everyone uses that Coinmarketcap data. The team confirmed it as well.
Now, this makes a huge difference on how that looks. At $1 $WLFI it would have been a $5B market cap ranking it #38. Now it would be ranked #12 at the currenct circulating supply. Big difference.
I don't fully understand why they don't unlock these tokens gradually.
Alt5 Sigma will not sell anything because they cannot explain why they'd do that.
But the ecosystem tokens can get sold without questions asked.
Futures are showing that the market is not happy with this.
On January 2, this wallet funded freshly from Binance deposited roughly 4,000 wbETH, or $13,000,000 into EigenLayer
Over the next 3 months, they amassed nearly 3,500,000 Eigen points
On March 16, one day following the snapshot, they withdrew it all
Criminal.
@NarcosNoyza@Zek_eth There are only 150k restakers in eigenlayer right now (LSTs + native stakers) compared to millions of sybil accounts trying to farm layerzero, zksync or starknet
https://t.co/mfT6VFeakB
@Croxaki@eigencloud@MantaNetwork Could be there are lots of whales staking big amount of ETH in one wallet. Also, if for the potential airdrop they do some type of Tiers maybe small fish will also get some proper drop. It will be interesting to see if hyped project will provide or like manta give the leftovers