$PIXEL 97% tokens are still locked, Ronin's L2 migration on May 12th is the main event.
In the last 24 hours, PIXEL has been hovering around $0.0077, with a daily trading volume exceeding 430% and a market cap of only $5.95 million—while the FDV skyrockets to $38.58 million. This means over 84% of the supply is still locked up, and true liquidity hasn't surfaced yet.
The key anchor point is May 12th: Ronin officially migrates to Ethereum L2, with the mainnet down for about 10 hours, and the RON inflation rate crashing from over 20% to below 1%. More crucially, Coinbase has clearly stated it will not support this migration, so users need to move their assets themselves. As one of the largest game tokens on Ronin, PIXEL will face a double whammy of exchange liquidity gaps and on-chain downtime in the short term, but the structural bullish scenario of inflation hitting zero is certain. Will the May 12th downtime be a liquidity crisis or a value re-evaluation window? Opportunity counts as 1, risk counts as 2.
@Pixels #pixel $PIXEL
In the last 24 hours, PIXEL has been hovering around $0.0077, with a daily trading volume exceeding 430% and a market cap of only $5.95 million—while the FDV skyrockets to $38.58 million. This means over 84% of the supply is still locked up, and true liquidity hasn't surfaced yet.
The key anchor point is May 12th: Ronin officially migrates to Ethereum L2, with the mainnet down for about 10 hours, and the RON inflation rate crashing from over 20% to below 1%. More crucially, Coinbase has clearly stated it will not support this migration, so users need to move their assets themselves. As one of the largest game tokens on Ronin, PIXEL will face a double whammy of exchange liquidity gaps and on-chain downtime in the short term, but the structural bullish scenario of inflation hitting zero is certain. Will the May 12th downtime be a liquidity crisis or a value re-evaluation window? Opportunity counts as 1, risk counts as 2.
@Pixels #pixel $PIXEL