Dunno who came up with this merch for BBW, but this thing is actually super useful. 😂 Shoutout to @BabylonLabs_io !
Btw here is a quick overview of who they are in case you don’t know yet :
DeFi is massive, yeah but it’s still limited by fundamentals. Although crypto is liquid enough to power it, the most hodled assets (bitcoin) doesn’t participate. Weird, right ? Yes !
The fact is that is that there were some solution designed to let it in but it betrays the core philosophical value : the trustless. Each previous solution requires to trust a third party, which is not convenient for maximalist. In short, Babylon Trustless Bitcoin Vault make it possible to use bitcoin in DeFi without trusting any third party. That’s it !
As a core asset of this ecosystem, go check it at : https://babylonlabs.io/ #baby $BABY
You’ve asked about $AKE , then know : what i’m gonna say below is only my personal opinion.
First, congrats ! seems that you’ve started getting how this game works. I’ve digged it a bit and i prefer be direct with you. It’s just a few players trying to hang on what you still have to play with in this bear market. So, a very new dump is on the way.
The token did more than 3,500% over the past few weeks without any fundamental raison like news or something related to that. You got it! It’s a red flag.
I’ve said it, it’s just a few players. What i mean by that is : 91%+ of the supply is controlled by the top 100 holders. And yeah, it includes the locked ones. But it doesn’t matter since among 35,000+ holders, only <9% is holded out of the top 100.
Cmc shows that only 29% of the supply is in circulation but I’m not sure, i think that amount is about 40%; at least 50. No matter which ones is right, the large part of the tokens is controlled by insiders and they’re ready to aggressively play with you. Play it wisely!