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Q
11-12
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This might not be a game between traders... The main conflict lies with protocols that have real-world use cases and legitimate revenue. Most of their early investors have already unlocked their tokens, which are normally held in CB Prime. However, for reasons unknown, multiple early investors in several cryptocurrencies have been reducing their holdings. If you find a CB Prime custody address where tokens have suddenly been transferred out, but you can't find any transfer records, it's not because tokens were created out of thin air, but because these tokens were distributed before the exchange even set a price, which is why they aren't showing up... The current situation is that if a coin experiences positive news in the past two days, it will be dumped or experience a significant pullback. Almost all of this selling pressure comes from CB Prime custody... Optimistic view: This potential selling pressure from early investors didn't appear suddenly; it's always been there. They'll have to sell sooner or later anyway, and as long as there's enough liquidity to absorb it, it's fine. Pessimistic view: They haven't sold everything this time; this is just the tip of the iceberg. twitter.com/tocuee/status/1988...
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