$LYN With a market cap of 5 million, is it time to buy the dip?
The price drop is largely because the project insiders split up and sold 198 million LYN tokens early, which were supposed to be locked up for a year for core contributors. The total amount involved was 246 million LYN;
Even without unlocking, more tokens could still enter circulation than expected. This is a major blow to holders—effectively unlimited issuance. Also, if the project doesn't provide a reasonable explanation soon, a further drop is inevitable!!
The price has now fallen to a new low, with the market cap down to 5 million. Given the relatively high amount of tokens still held, another drop is inevitable. Stop all attempts to buy the dip for now. I'll keep monitoring on-chain funds and consider opening long positions as appropriate. Timing is crucial👇👇
#比特币跌破8.4万美元 #币安推出BinanceIntelligence
The price drop is largely because the project insiders split up and sold 198 million LYN tokens early, which were supposed to be locked up for a year for core contributors. The total amount involved was 246 million LYN;
Even without unlocking, more tokens could still enter circulation than expected. This is a major blow to holders—effectively unlimited issuance. Also, if the project doesn't provide a reasonable explanation soon, a further drop is inevitable!!
The price has now fallen to a new low, with the market cap down to 5 million. Given the relatively high amount of tokens still held, another drop is inevitable. Stop all attempts to buy the dip for now. I'll keep monitoring on-chain funds and consider opening long positions as appropriate. Timing is crucial👇👇
#比特币跌破8.4万美元 #币安推出BinanceIntelligence
