Had a great thread yesterday full of marines, watching the fireworks and discussing good shit. Nexo now have spent over 3/4 of their borrowed 12 mil from Aave.
The dump past $7 broke the buy wall as it was timed well, there is not a lot of momentum and the buy pressure is still insane.
As always, paid fudders run rampant across the board as Nexo has reportedly spent a shit ton on this trying to keep solvent. They are now almost out of funds to keep the price lower. Will update with some charts.
they borrowed 12 million? hahaha holy shit fucking faggots deserve whats coming to them
Sebastian Anderson
how u know how much they have to spend? and they almost out???
Mason Nguyen
inb4 short squeeze wrecks these faggots
Luke Martinez
Here is the second sell wick next to the first, that should mean around 9-10 million has been spent on this short now. Nexo are very very desperate for this to pan out, I would not be suprised if we see every tactic in the book to try and get inch it as low as possible, although they only have around a million left if any now.
You can work it out roughly but not completely, they are shorting on binance so the price wicks harder on there than in general.
Anthony Perry
well they just sold some of that to me, then
Andrew Bailey
This is going to rubber band snap back to ATH within 48 hours - screencap this.
Jordan Jackson
Yeah read the last thread it's funny af
Jaxon Phillips
This
Luke Gutierrez
Haha good man user, may try a bit harder to shake people out but smart money is scooping cheap linkies before smartcon and staking. I will pick even more up if they manage to keep it this low by mid this week however they wont be able to unless they borrow a hell of a lot more.
Leo Hall
I'm making thread after thread urging nulinkers to sell.
the sooner their weakhands sell, the faster we move on.
fucking hate nulinkers and their weakhands fucking cunts.
Kayden Jenkins
I thought their liquidation was at $12 if they opened their short at around $8.50 why would they be desperate to to dump it? wouldn't these prices put them in profit? and why would they spend millions to try and go even further down? is it just pure bulgarian greed?
Noah Price
I wish we could pool our money and do something to wreck them in response.
Easton Peterson
The Link marine is immunized against all dangers: one may call him a scoundrel, hodler, swindler, profiteer, it all runs off him like water off a raincoat. But call him a linklet and you will be astonished at how he recoils, how injured he is, how he suddenly shrinks back: "I've been found out."
Owen Lopez
Bulgarian Greed sounds like the name of a shitty Walgreens cologne
Jayden Watson
It's a possibility user, never underestimate how desperate this funds will get trying to suppress though! What's for sure is sooner or later it will.
Theories include them being caught with their pants down with the last mega pump, they need it dumped into oblivion just to break even and scoop back up their cheap linkies. They needed to create an entire 66 page doc and hire teams of pajeets just to dump it on damage control. Could be greed as well, all we know is they are actively shorting with 11.5 million, and it's looking like it's just about run out.
Joseph Evans
I believe it was wrapped BTC, which this pump may have helped them rather than just USD
Brandon Martinez
They didn't start shorting at $8.5. They've technically been shorting for months, ever since $1.80 even because they've been giving 5% interest rate for LINK on their website while only getting the commission for BTC or fiat. since LINK pumped, they got fucked and been trying to short the price back down ever since to try to pay for all those debt.
They are pretty fucked but gotta hand it to them, they did dump the price perfectly, we'll see where it goes.
I just hope this causes all these nulinker twitter reddit fags to sell, the fucking cunts
Camden Jackson
Honestly cant they just close now delete the site and enjoy a few million from their faggot scam
Yes, that would definitely help their loan ratio atleast so they wont get liquidated so easy. Can we see somewhere how much they put as collateral? The liq treshold for wBTC is 65%
Liquidated on this short? You'd see some serious shit as all the others that have jumped it would be squeezed too. Yes they would lose everything if liquidated unless they've set some kind of stop loss.
Andrew Moore
part of it gets sold off at a discount so they get back to a healthy loan ratio. You can liquidate them here: app.aave.com/liquidations
