ObaAgon
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I think that PI investors keep blaming the project team when the price drops, and I believe they are blaming the wrong people. The project team can only continue to work hard; the price has nothing to do with them.
They should be blaming the exchange!
Let me show you something. In the announcement, the exchange does not provide borrowing for PI, and it mentions that the annualized rate for collateralized PI is used for lending U.
Moreover, in the lending function, users are unable to lend out PI.
However, look at the attached picture; it says you cannot borrow, yet VIPs can borrow. Isn't this specifically set up for large accounts to suppress the price? And the interest is super low.
In the situation this morning, there were over four million PI available for borrowing, and after being borrowed, the price started to drop, continuing to decline until now, with over a million PI reduced in the borrowing pool.
As for whether the borrowers happened to predict the withdrawal in advance or were just borrowed, that is left for investors to speculate.
Therefore, I feel that investors seem to be blaming the wrong target.
They should be blaming the exchange!
Let me show you something. In the announcement, the exchange does not provide borrowing for PI, and it mentions that the annualized rate for collateralized PI is used for lending U.
Moreover, in the lending function, users are unable to lend out PI.
However, look at the attached picture; it says you cannot borrow, yet VIPs can borrow. Isn't this specifically set up for large accounts to suppress the price? And the interest is super low.
In the situation this morning, there were over four million PI available for borrowing, and after being borrowed, the price started to drop, continuing to decline until now, with over a million PI reduced in the borrowing pool.
As for whether the borrowers happened to predict the withdrawal in advance or were just borrowed, that is left for investors to speculate.
Therefore, I feel that investors seem to be blaming the wrong target.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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