More people need to know that everyday, at least 16% of dtao token emissions are auto-sold into the pool. This is a daily sell twap of ~1.5k of dtao tokens for EVERY subnet. Who tf wants to buy a token LONG TERM if there is a daily sell twap??? $TAO
relative strength shown on native tokens ($fartcoin, $eth/$btc, $hype) demonstrates selling exhausted from natives - while $btc risk off reaction denotes probably fund PMs derisking before weekend open.
$GLXY just traded 10x the normal daily volume - imo lacklustre performance thus far because @novogratz has been selling down his stake to below a majority level (im guessing)
the reason why dtao doesnt work and nobody wants to ape in is that as long as inflows are zero, the token goes down - because root emissions dump it on a daily basis.
Also - to game it a little. If you like my $LOUD posts - follow me + like and comment on this below. I'll give you a follow for the duration of Phase 1+2 so you can have an additional smart follower ~