Yesterday, the U.S. Department of Commerce directly partnered with Solana and Pyth to release economic data
$PYTH skyrocketed 100%, trading volume increased by 30x, the U.S. Department of Commerce is preparing to move economic data on-chain, using Pyth's oracle
This positive news is like adding fuel to the fire for Pyth, which has been silent for a long time with its price dropping over 90%
As for LINK, it has been buying back for more than a month recently, and the expectation of asset on-chain oracle-driven trends has been very strong; last night's news can only be icing on the cake, and of course, it is also related to ETH's recent downtrend
Yesterday, I thought about this logic after seeing the news and felt that Pyth has more elasticity and is worth chasing, so I promptly notified fans to lay low on some bottom chips with an average price around 0.1476. Currently, it should have increased by nearly 50%, and we can reduce holdings by 30%, taking cost losses and continuing to hold
Currently, the overall market decline is also normal. Brother Bao had long reminded everyone that as we approach the weekend and the end of the month, volatility will be significant. The best time to buy the dip is on Sunday or September 6th, so we must remain calm and patiently wait. Don't be a blind market victim!
