$CFG holders, take note: Centrifuge’s fund size has plunged 40%, and the coin you’re holding is already down 11% today.
Institutional whales are pulling out en masse, the fund size has been cut in half, yet fees have actually risen 2.8% against the trend. But all that money goes to the management team—
$CFG holders don’t get a cent.
$ENA , which dragged it down, is also down 8.65% today.
If you’re trading
$CFG spot, don’t rush to buy the dip. Wait for the CP172 governance proposal to be implemented first and see if the distribution rules can be changed. If you’re trading futures, don’t use too much leverage; set your stop-loss at 0.088 and exit immediately if it breaks.
How much longer can this
$CFG downtrend last? Type 1 if you think it’ll stop falling within 3 days; type 2 if you think it’ll keep grinding down for another week.
Watching the market and getting in the game are two different things. If you want to try your hand, use the official event link. No pressure to participate, and no results are guaranteed.
#Write2Earn #BinanceSquare #CFG #RWA #HalloweenPumpkinFrenzy