$PYTH
The rising and falling price action over a year.
Exactly the same day, last year PYTH team unlocked a huge amount of tocken sooner than the scheduled timeframe. The action created big confusion and blured community trust which negatively impacted the price and the overall performance of the asset. The token price continued dropping, the asset performance remain poor even when the overall crypto sentiment was very good.
In spite of this, an additional massive amount of token (over 28% of the total supply) has been unlocked early today, as a result the price is crashing even more and feels like a "shitcoin".
Will $PYTH recover from the damage soon?
It will depend on several factors, one of the most important factors is the continuous development of the plateform to improve service efficiency.
The team should develop an innovative strategy to improve PYTH service efficiency and competitiveness...
Let's wish a successful PATH to PYTH!
