New meta on tokens: if buybacks don't help the price - teams decide to stop buybacks😦
SionG from Jupiter on Twitter:
"We spent $70M on buybacks last year, and the price fell. We should better spend this money on growth and users"
Amir from Helium:
"We decided to stop buybacks, in October the project earned $3.4M, but the market doesn't care and the price continues to fall. So we decided to finish buybacks"
These guys from web3 forgot to add that the main reason why the token is falling, despite the buybacks, is because $70M a year for Jupiter or $3.4M a month - for insiders and teams of tokens, which they are dumping on the market - is ten times more.
Maybe it's time to look in the mirror first before making such loud conclusions?
Should I advise my friend to stop shorting $pippin ? He's very conservative because he says the liquidation price is $0.6 and $pippin can't reach that value.
hm.. can't even open the chart now? Earlier they gave time to close positions... very interesting move🧐
KHLee7
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$AIA ☠️im dead
Suddenly you delist the coin? I was just having dinner and got blindsided. What kind of scam coin is this? I will hold you legally accountable for this. How can you call this a “urgent notice”? This is unbelievable!
🔔 Vitalik Buterin: the market needs futures on gas
Vitalik says that the fees in Ethereum are low now, but no one knows for sure what they will be in a couple of years. He proposes to create a futures market for gas, where people will be able to:
⚪️Find out what the market expects from future fees. ⚪️Hedge against their increase, ⚪️Pay for gas in advance for a certain period.
That is, it will be like a "prediction" and a hedge against future gas costs. Are we going to long on gas on ETH soon?
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