Genius or Ponzi ?
what if the whale top of the pyramid wanted to dump and the total marketcap decrease immensely thus decreasing the supply ?
AMPL
Robert Barnes
Thomas Cruz
Might happen , but i think after a longer period now being positive and upwards momentum.
its very cyclical, historically. And now combined with their liquidity incentives, marketing releases, and just the HEAT on eth-defi right now... it should cycle up first.
Also, it's now HARD to dump it. 2 months ago you could dump $20k and dump it into negative. Now there is $1million liquidity in uniswap (8th largest pool on uniswap), and a $50k dump moves it down from $1.10 to $1.00 . And there are only 22 wallets with more than 50k tokens to be able to do this in one go...
Simply put, with the new liquidity, the whales havent made enough $ now - YET - to be able to do this.
Camden Martinez
who or what decided the "rebase" price or is it always ~ $1 ?
Owen Lopez
What do people mean by dump? Selling under $1 would be the equivalent of self harm. You never need to sell under $1. There will always be a buyer at $1
Christopher Collins
The supply shrinks and grows you mongoloid ,it can absolutely lose exponential money when it stays under a dollar.
Ask the people that bought at 50 million + supply.
Nathaniel Nguyen
Rebase doesn't matter, token price * wallet balance stays constant through a rebase just like with any normal token.
Jaxson Price
the # of coins in your wallet decrease/ increase
Evan Hughes
god did when it launched
Sebastian Jackson
wallet balance does not stay constant from my understanding due to elastic supply
Elijah Powell
I said "token price * wallet balance"