IOSG's owner, @jocyiosg, clarified that the entity dumping shares wasn't IOSG; the Arkham listing was incorrect, and they have no holdings of $Uni and $Comp. @ai_9684xtpa believes it's an address related to Trend Research (related to Yi Lihua), and that they are suspected of selling approximately $11.53 million worth of $COMP and $UNI at a loss. Regardless of the company, such massive losses indicate a collapse in institutional faith in the crypto narrative. It's always a case of destruction before construction. I don't think there's any need to be overly pessimistic. Every major bear market is like this. I feel much better now than the previous two; at least some projects are still performing well, and there are still decent stablecoin investment returns, plus I'm making money every day. Wildfire cannot burn it all; the spring breeze brings it back to life. Be patient.
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Jocy@IOSGVC
@jocyiosg
Clarification on the rumor circulating about IOSG Ventures selling UNI / COMP on Binance.
The wallet cited is not an IOSG address. The Arkham label is incorrect, and Arkham itself marks both the "IOSG Ventures" and "Binance Deposit Change Address" tags with a question mark (?), x.com/IOSGVC/status/…
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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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