The market has plummeted, but I have seen the most hardcore 'bottom-fishing signal'.
Just now, Binance dropped a heavy bombshell: announced that all 1 billion USD of the SAFU (Secure Asset Fund for Users) stablecoins will be converted into Bitcoin ($BTC)!
Moreover, the official announcement also promised: if BTC falls below 80,000 USD causing the fund to shrink, Binance will continue to buy back, firmly defending the 1 billion bottom line.
This is not just a simple asset conversion? This is clearly a signal to go long, injecting a 'strong heart needle' into the entire market!
To be honest, this kind of 'project party not treating money as money' situation reminds me of Plasma ($XPL) from back in the day.
Newcomers in the crypto world may find it hard to imagine how crazy it was during the Plasma presale.
Many people back then participated just to avoid missing out, with some even only investing $1. As a result, during the TGE, their wallets suddenly had 9300 $XPL!
At that time's price, this airdrop was worth $10,000.
Even if you only invested $1, you still received $10,000.
This kind of "sunshine everywhere, everyone has a hundred U big hair" pattern is the true textbook for the cold start of public chains.
My calm reflection:
Although the market is crashing now,$XPL it has dropped quite a bit from its peak, but looking back at history:
Binance's $1 billion: represents the top institutions' long-term "bullish" attitude towards the industry.
Plasma's generosity: it proved that they have the genes to retain core users.
"Times create heroes," and all the crashes are opportunities for wealth redistribution.
As long as you participated in the presale, even if the coin price fluctuates now, the "ten thousand dollar airdrop" from back then is still a legend in the community.
@Plasma will definitely rise again, especially in the stablecoin payment track it focuses on. Projects with money, vision, and strong PMF just need a "catalyst" like Binance today.
Guys, have you ever seen a project team more generous than Plasma?
Facing Binance's $1 billion "trump card," will you choose to cut losses and exit, or join the big players in entering the market?
