$DYDX treasury staking has topped 100 million $DYDX , with 25.87 million tokens making a massive migration and five validators having their delegations wiped out.
Governance Proposal #396 cuts the number of active validators from 31 to 21. All zero-reward staked tokens are being forcibly migrated, and 10.72 million buyback tokens are entering the market for the first time.
$DYDX is still down 0.67%. The news just broke and hasn’t been fully priced in yet, so there’s no need to rush in and buy now.
Want to test whether you can correctly read the market reaction to governance news like this? Binance Spot Trading Tournament S8 has just started—trying it with a small position beats making blind guesses.
Do you think this billion-token staking milestone is genuinely bullish, or a “sell the news” setup? Reply 1 if you’re bullish, or 2 if you want to wait for confirmation.
#Write2Earn #BinanceSquare #DYDX Futures #TradingTournament
Governance Proposal #396 cuts the number of active validators from 31 to 21. All zero-reward staked tokens are being forcibly migrated, and 10.72 million buyback tokens are entering the market for the first time.
$DYDX is still down 0.67%. The news just broke and hasn’t been fully priced in yet, so there’s no need to rush in and buy now.
Want to test whether you can correctly read the market reaction to governance news like this? Binance Spot Trading Tournament S8 has just started—trying it with a small position beats making blind guesses.
Do you think this billion-token staking milestone is genuinely bullish, or a “sell the news” setup? Reply 1 if you’re bullish, or 2 if you want to wait for confirmation.
#Write2Earn #BinanceSquare #DYDX Futures #TradingTournament