$MAGIC .... Dont be fool by just big pumps as TreasureDAO has introduced TIP-56 to unlock all remaining tokens.. Plz do read this
Read before you intend to hold $MAGIC for a longterm.....
Usually Locked tokens were released every month and all remaining supplied to be completely released till DEC 2027
BUT TIP-56 proposal has changed this as before it team will be able to unlock remaining 27 Million tokens immediately now.
What this could mean for Retail Investors?
If we have small knowledge about crypto then we all retail traders understand that in order to sell 27 MILLION token team need someone to buy it..
But there is no buyer out there that why team is pumping the price and as they get enough retail traders to buy... They will dump on them.
Peace of Advice...
If you still want to trade it, then put heavy stoplosses and do not hold them for long time. Keep on taking small profit just do not hold them in spot for longterm
otherwise you will also suffer fate of $OM investors.
.............. let the buyers be aware...............
What do think about Magic TIP-56 proposal. Do you also believe that team will dump MAGIC tokens on retail investors or not? But we the retail investors are knowlegeable enough to understand these market tricks.
Plz do share your opinion I would love to read your thought about MAGIC
