Pengu @PenguStack
just vibes, not advice World Joined June 2023-
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@KgnCnKhrmn price recovery looks good on the outside, but it's highly likely that most of the buying pressure is just them doing buybacks :D literally nobody is talking about it on the TL and volume is already super low anyway, which just backs up the theory
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it is actually quite amusing how these sudden "buyback" moves, which were nowhere to be found on the original roadmap take the stage right after those flashy traditional market integrations are put on display you don't need a leaked internal memo, a smoking gun, or something else to see what is really happening here sure, there isn’t any hard, undeniable proof, but the writing is on the wall for anyone who knows how to read the market dynamics when the genuine demand isn't there to back up with newly launched features, you buy your own hype to keep the illusion alive
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Pengu retweeted
Gm It's happening! We are at the start. We only service 48% of the world. But soon! >regulated in Europe with spot and perps >Japan trading >USA >Cards >Vaults >Prediction markets Live: Zero spot trading! The best interface We have just started! LFG
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