Your big seller wouldn’t be bank to the future would it? Not sure how the NFT went down, but maybe they just want them sold to redistribute the value to the ‘shareholders’.
I maybe miles off, but it crossed my mind, so thought I’d share. I have no information etc.
Looked att liquidity on the exchanges and it look dark at the moment. This picture show the whole depth of buy/sell orders on MEXC, almost everything is trading bots, price around 0.07 something, a few 10k ANT on either side. i don’t want to sound alarmic but it does not look good at the moment.
I wonder if we can help and do something, providing liquidity? Would anyone want to be a part of adding a liquidity ladder, use the ANT emoji if anyone is interested.
If 25-100 people would be a part of adding liquidity ladder then it could look something like this.
250 ANT at $0.25
500 ANT at $0.50
750 ANT at $0.75
1000 ANT at $1
Total ANT for a ladder 2500 ANT. It feels like we need to do something to save the market. Maybe it is possible to add a liquidity ladder on example Uniswap but I still don’t understand how to do it or if there are any risks.
Even though I agree with you that we should work on getting additional liquidity, I do not agree that it’s alarming at all. In contrary, the bottom of markets usually happen after liquidity dries up.
We as a community (believers) tend to market buy whenever we see an opportunity, I still do it from time to time. This while the market would actually benefit from people placing limit orders instead. Buying at a DEX helps, because the liquidity will not leave the market. As mentioned in Discord earlier, I think it was a mistake to have the Uniswap pool setup at 0.3% fee instead of the 1%. When providing liquidity at Uniswap (Especially for projects like this), you risk the impermanent loss. It’s great when trading in the same zone for an extended period of time, but even months at the $0.10 zone with 0.3% fee will not make up for the market moving to $0.20 in a week or so and never coming back (real possibility). Now you have a gained like 10% ROI on the liquidity you provided, but missed out on the 100% increase in ANT.
And this could happen at any time with projects like this. The altcoin daily video didn’t go viral, but if it did, we could have been at $0.50, $1, or even $2. The entire liquidity in the range between $0.1 and $0.5 would’ve been touched once (for a 0.3% fee), and is now sitting at a massive impermanent loss.
Long story short, I think the dried up liquidity makes perfect sense at these price points and is a signal we’re about to rip to the upside. That doesn’t mean we cant have a rip to the downside first. But I’m fairly confident the low is getting closer and closer. I wouldn’t want to be in USDC right now.
In other news. 3 million party boy has been demoted to 2 million part boy and perhaps will soon be demoted even further. In the last 24 hours he sold off 300k ANT while the ANT price is up in the last 24 hours. Buyers are stepping in.
im not losing any sleep over party boy if he wants to dump he should just get it over and done with. i have had people i introduced to the project over the last decade messaging me with there displeasure at recent price points for ANT all i could tell them was this was the best opportunity they have ever had to buy cheep ANT