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degentradingLSD
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1/n - $
TST
- the 42m mkt cap token with 70m of OI
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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??? $TAO
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$SPK - 38m mkt cap token listed on binance - is this $MKR building their own $AAVE? 3.2b TVL, 38m mkt cap...errr
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relative strength shown on native tokens ($fartcoin, $eth/$btc, $hype) demonstrates selling exhausted from natives - while $btc risk off reaction denotes probably fund PMs derisking before weekend open.
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$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)
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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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