degentradingLSD(@degentradingLSD)'s insights

$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)

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degentradingLSD

@degentradingLSD

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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

$SPK - 38m mkt cap token listed on binance - is this $MKR building their own $AAVE? 3.2b TVL, 38m mkt cap...errr

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.

1/n - $TST - the 42m mkt cap token with 70m of OI

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.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}$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)

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$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)