๐ ๐ฅ๐ฒ๐๐ผ๐น๐ ๐ง๐ฒ๐ฎ๐บ ๐ฆ๐ต๐๐๐ ๐๐ผ๐๐ป ๐ฆ๐ฎ๐น๐ฒ ๐ฅ๐๐บ๐ผ๐ฟ๐ ๐ฆ๐ฎ๐ ๐ญ.๐ฒ๐ ๐ง๐ผ๐ธ๐ฒ๐ป๐ ๐๐ผ๐๐ด๐ต๐ ๐๐ฎ๐ฐ๐ธ
๐ After some FUD spread about token dumping, the Resolv team has officially denied any foundation-led selling.
๐น What Happened?
Some traders accused the Resolv Foundation of offloading tokens after over 15% of supply hit the market. This included tokens from airdrops, market maker inventories, and reward programs meant for early supporters.
๐น Teamโs Response:
Resolv core member Tim Shekikhachev clarified:
โThe foundation did not sell a single RESOLV during this period. In fact, weโve been buying.โ
๐ In the last 24 hours, Resolv says they repurchased 1.6 million RESOLV tokens at an average price of $0.15.
๐น Why the Confusion?
Some investors shorted RESOLV expecting typical post-airdrop sell pressure, aiming to buy back lower. But the team insists they're long-term committed buyers, not sellers.
๐ง What This Means for Traders:
โ The foundation backing price gives short-term confidence
โ FUD-based selling may slow down if transparency continues
โ ๏ธ But airdrop tokens still in circulation โ volatility remains likely
๐ Watch price support near $0.15, where the buyback reportedly occurred.