a token burn usually reads as good news. this one is a project closing its doors
recall foundation is shutting down and burning its treasury and ecosystem tokens, about a third of supply. holders get nothing, no buyback. the app goes read only november 30
the trap is reading a supply cut as value. foundation tokens were never the ones being sold, so the traded float barely changes. what matters is liquidity. support stops and bithumb already flagged it. if more venues follow, books thin out and bounces become exit liquidity. flip side, thin books move hard both ways when shorts crowd in. im watching listing notices, not the chart, and whether $BTC stays steady enough to keep risk appetite alive
does recall keep its listings past november 30, or does the first delisting notice land before that ?
#RecallAnnouncesLiquidationPlansToBurn35.86%OfSupply
recall foundation is shutting down and burning its treasury and ecosystem tokens, about a third of supply. holders get nothing, no buyback. the app goes read only november 30
the trap is reading a supply cut as value. foundation tokens were never the ones being sold, so the traded float barely changes. what matters is liquidity. support stops and bithumb already flagged it. if more venues follow, books thin out and bounces become exit liquidity. flip side, thin books move hard both ways when shorts crowd in. im watching listing notices, not the chart, and whether $BTC stays steady enough to keep risk appetite alive
does recall keep its listings past november 30, or does the first delisting notice land before that ?
#RecallAnnouncesLiquidationPlansToBurn35.86%OfSupply
