It seems there is a misunderstanding. This is not simply moving EDGE from a new wallet to a buyback wallet and calling it a buyback. The buyback was executed within the system, and the acquired EDGE was transferred to a multisig wallet for safekeeping. The circulating supply is actually decreasing, and anyone can verify this by checking the EDGE balance in the relevant contract and comparing it with on-chain changes. This is the same approach mentioned in HYPE. I understand your question, but the data is transparent and can be verified directly on-chain. ————————— To be honest, you could say they treat us like total suckers... These days, almost anyone can read transactions, and with AI available, it's even easier... They call it a buyback dashboard, but the transaction history they set every 15 minutes consists of transactions withdrawn from hot wallets. It is ridiculous to accept that. Anyone who claims the price is changing even after seeing that is a bit clueless... If you look closely at the real-time changes there, the price actually goes down. It is a reasonable suspicion that this is because the price is displayed in USD, and the USDT price is fluctuating. It’s not like the numbers on the dashboard are changing wildly because they are buying in real time. In reality, if you look at the API results, the extraData value comes from the server. Since the server converts and calculates the USD value, the numbers change, making it look like it is happening in real time. It is certainly good for ripping off people who don't know any better.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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