What drew you into this project in the first place?
Another reason for a team to send tokens to a change is provide liquidity.
If exchange is out of tokens, and token isn’t liquid in the market, the exchange could contractually source demand liquidity with a trusted partner…
I’m not saying this is the case, it’s just another possible scenario.
I can’t say I’m happy about it. Interested quite a lot of time and money too. Haven’t sold, matter of fact I bought more SOCIAL.
I trust the team is honest and building. If they keep this up and get decent users and content, at some point token will go up.
But buying this dip…? Not sure. Not likely. Not with current market momentum.
But also Phaver is a small part of my portfolio, so I’m not happy but also not worried.
But it’s good for the team to at least communicate about their vision and approach of treasury management
What is clear to me are facts.
Fact is that the price is going down. Price goes down because more sellers than buyers.
But that’s not proof that the team is selling. To vibe to that conclusion, I need more facts.
Look, I don’t know these addresses.
Are these known project wallets? How can you confirm that?
I see whales transactions from … to …
without any proof connecting those addresses to the team, these could just be any whale 🐋
Are these known project member wallets? Was there any coms around planned selling for treasury management?
Projects need cash to pay for stuff, just like any company. Selling stock/token supply is a way to fund the costs.
But transparency is key.
If these are project wallets and they’re consistently selling without communication about treasury management, that’s a bad look.
If there’s no proof of address ownership
, it’s still just speculating.
Do you believe in conspiracy theories too?
I can only guess and speculate, unless I have proof.
To assume makes an ASS out of U and ME.
I’m not defending, I’m just calling out baseless claims.
Again. Where is your proof?
Where is your proof? This is just a price chart.