@funkyfr31801951 30 million funding each year since the past 4-5 years? You know what can be done with that money? The team should explain what they did with all that money so far. Someone pls ask this at ThetaCon. We need a detailed answer. Else, Theta Labs is using retail as pure exit liquidity
@funkyfr31801951 1/2 If the team is able to find an exit by selling tokens this way, irrespective of whether they announce publicly or not, what motivation will they have to improve token value further? At $1, they make around 30 million per year this way when they sell..
@AlltTheta Looks like these did not happen through any exchange. Else, the volume would have shot up. Clearly, these are done OTC. If so, I think this is mostly Binance moving from all their different wallets to their burn wallet. Mostly for 1 reason - to sell them all (aka more liquidity)
@Revolutionist32 Big time investors first have to make money. Then comes retail. However, you should enter at the right time. Else, you buy at $0.60, price goes down to $0.20 and then does a 3x to go up to $0.60. People who buy at $0.60 hardly make anything! Bitter truth
@Revolutionist32 I think it will go down further. at least for another 2-3 weeks. The pattern looks very clear. They spiked the price up, people bought the news (M3 launch) and Binance still selling. They have a lot to sell. Price will go back up only after demand increases.
@ThetaHodler @cz_binance Even after it has gone so low, if no price increase, it only means that the price is getting suppressed from some other hot wallet now, lol
@Bcue19 @EdWhitlockRuns@AdamSpecv Inflation is actually 9% - include the new tokens released from Theta staking as well. And tfuel burning currently is nowhere close to make it deflationary. As per the team, they need around 600000 transactions a day when tfuel will be come deflationary. Long way to go!
@Bcue19 @EdWhitlockRuns@AdamSpecv With 9% inflation a year and Binance selling right now, I don't think TFUEL will pump for a while. Why do you think TFuel is inevitable? They made TFuel optional even for NFT purchases. They can be purchased using USD directly. So, wonder what incentive to hold TFuel
@Revolutionist32 What I meant was, the price is not going to increase anytime soon. If any, it should go down further. At least until Binance stops selling their stash
@Revolutionist32 It's not gonna happen. Binance selling big time. Will continue for some days or even some months. Check their wallet activity. So, maybe you should delete this tweet.. :)
@mitchliu 2/2 Why not sell NFTs exclusively only using $tfuel? Else, not much incentive to hold $tfuel.. and especially if it will be OTCed to partners who get onboarded to ecosystem to pay their users in $tfuel.. which, I think will be the case anyways?