7:51pm Jan 26th The Royal Flush continues.
Exchanges continue to drive price down using Wintermute to market sell assets on their order books.
Remember when they are satisfied enough leverage Longs have been removed they will send Stable Coin to the market maker to market buy assets and drive prices back up, liquidating new Shorts.
This is how markets work.
Do not get shaked out of your Spot asset holdings. Buy at the low and remove the assets from the exchanges to self custody.
ME Foundation is excited to share the tokenomics for $ME.
This tokenomics post covers the following:
- The next phase era of innovation in crypto is all onchain. $ME has been adopted by Magic Eden, the top multi-chain, multi-asset onchain trading platform
- Magic Eden is the #1 BTC DEX, #1 NFT platform, and building a cross chain mobile-native trading decentralized app (dApp). Their vision for the future is to make digital ownership universal. To accomplish this goal, Magic Eden will be the entrypoint for all crypto users to go onchain and trade all assets on all chains in one platform
- $ME will accelerate the growth of onchain users by rewarding users with $ME for trading all assets on all chains, to be debuted via Magic Eden’s rewards program
- $ME holders have the ability to receive further rewards from staking, contribute to the $ME ecosystem, and have governance rights over key protocol development direction
I know you are now too afraid to buy $JUP and some people who were extremely bullish a few months ago on this token are now telling you this is going to zero.
The reality is that @JupiterExchange is still the Solana's top 1 platform.
Saying that $JUP would go for $14 was a ridiculous take, but saying that we will never recover the $1 price is even more.
If Jupiter fails, so will Solana.
@andrewjenningsx This happened to the company that I work for last year and it ended up compounding into a worse issue because the stolen inventory ended up competing with us on Amazon. Total nightmare
JUST IN: 🇺🇸 US Senator Cynthia Lummis urges the Senate to vote YES on legislation that would allow highly regulated financial firms to custody #Bitcoin and crypto.
She also stated "The safest place for digital assets is in a self hosted wallet." 👏