These dogs from web3 forgot to add that the main reason why the token is falling, despite the buybacks, is because at $70M per year for Jupiter or $3.4M per month - the insiders and the team of tokens that they pour into the market are ten times more.
New meta for tokens: if buybacks do not help the price, teams decide to stop buybacks.
SionG from Jupiter on X:
"We spent $70M on buybacks last year and the price has dropped. We’d rather spend this money on growth and users."
Amir from Helium:
"We decided to stop buybacks, in October the project earned $3.4M, but the market doesn’t care and the price continues to fall. Therefore, we decided to end buybacks"
Major players believe in ETH 💰
Only perhaps a lazy person hasn't been hitting ether, especially when it was at $1400-1500 levels. But, as history has shown, it was at that very moment when there was one of the best TVX on the market.
#Ethereum#Investing $ETH
#BTC (+ Altcoin Season).
Altcoin growth is a cinch with a pro-trade of at least $56,000. A kind of ‘death cross’ - crossing of trendlines. Exit below $56,000 - priority to move into the range of $40,000 - $42,000.
Still holding a bag of $PRE 😤 . This will take some time to build, but going in the right direction. 📈
@prepumpio
$180K MC 🚀🚀
0xdbb7cfb619b7b0d5a4c09820566214b8fcaeeec6