Firesale on CUB? CUB at $0.20 — Who Keeps Dumping It?
Seems like there may have never been a better time to buy into CUB.
I happened to be watching "live" when something suddenly happened to CUB. I thought it might have been a glitch, so I double checked.
I a matter of moments, we went from THIS:
(Source: Screen shot from Coinmarketcap)
And then it was this:
(Source: Screen shot from Coinmarketcap)
From the looks of things, some "whale" just dumped about 100,000 USD worth of CUB in a single transaction.
Profit Taking? Hardly...
Since this represents a new all-time low for CUB, I'd hardly call this "profit taking," so much as simply a "dump."
Which leaves the lingering question of whether this is a great opportunity to snatch up some CUB at "firesale prices," or an alarming sign that someone with a large stake "knows something" the rest of us don't.
I'm also pondering whether this is a long term HODLer calling it quits, or someone who bought in during the recent run-up ahead of the POLYCUB release.
Really trying to make sense of it... by bailing out of — give or take — 400,000+ CUB, this individual is also bailing out of a substantial chunk of the POLYCUB airdrop, probably close to the tune of about US $85K or more.
Just opening this one up for discussion! Or... should the seller want to fess up... what's you're line of reasoning, here?
Thanks for reading, and have a great remainder of your weekend!
=^..^=
CuratorCat 12-MAR-2022
Posted Using LeoFinance Beta
Someone has to be intentionally dumping the price to buy back cheaper. It literally makes no sense as you can just stake the CUB and get free POLYCUB every day.
Posted Using LeoFinance Beta
That doesn't make much sense, either. People who try that try to start a FUD landslide of panic selling — not theirs — so they can buy back at a lower price at other people's expense. This was just a plain "dump" and the market slowly filled the void...
=^..^=
Posted Using LeoFinance Beta
Really? Things went Not even close to this:
It is so amazing to me , to see, how STUPID one may be, to dump this huge amount of CUB in just ONE TX.
In one step.. Is he the most STUPID person in DEFI, on this planet?
Posted Using LeoFinance Beta
"Stupid of the Year," for sure!
The only way it wouldn't were if he suddenly had to pay a $100,000 USD ransom for his wife and kids... but how likely is that?
=^..^=
Posted Using LeoFinance Beta