Just bought more fxs token but I’m really surprised that

Question

Just bought more fxs token but I’m really surprised that

we don’t see a huge pump. That usually happens with all tokens where an airdrop snapshot is scheduled. Anyone has a reasonable idea why that is the case? Would have bet that we would be at $50+ by now.

#cryptocurrency #english #frax

0

19.02.2022

9 ответов

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DeFiDan.eth Автор вопроса

heyrobin
Look at the rest of the market

Not an explanation. FXS is dropping while I would expect a pump. Regardless of market movements.

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19.02.2022

Brazy

DeFiDan.eth
Not an explanation. FXS is dropping while I would ...

Maybe some people were saving FXS and waiting to sell before snapshot . It’s been known for months that airdrop was coming

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19.02.2022

Alex N

No estimates on what the value of it can be. Might be just 5-10% current value of FXS, so who would be pumpng it 100%?

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19.02.2022

DeFiDan.eth Автор вопроса

Alex N
No estimates on what the value of it can be. Might...

That’s often not the case, still no explanation. But fine, I understand also also no one else has a proper answer to my question. Btw., also other - smarter people than me - asking the same question. https://twitter.com/Native_0x/status/1495106408223854599

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19.02.2022

lhl will Block and Report scam dms

DeFiDan.eth
That’s often not the case, still no explanation. B...

I'm going to assume it's because this whale sold $2.5M worth of FXS 12h ago and there's only like $7.5M of liquidity in the entire FXS/FRAX UniV2 pool... https://dex.guru/trader/0x2bc0105b6bb4c1e53cfd8070b65a0d858695cd92/0xc1193c3c25cf77d009c2dd52d8b800833e5b165ee01daf43298fe2dac7e9f1a3?account=0x2bc0105b6bb4c1e53cfd8070b65a0d858695cd92&exchange_token_trade=%7B%22token_address%22%3A%220x3432b6a60d23ca0dfca7761b7ab56459d9c964d0%22%2C%22amount%22%3A0%2C%22operator%22%3A%22gt%22%7D&limit=15&network=eth&transaction_type=%5B%22swap%22%2C%22transfer%22%5D

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19.02.2022

DeFiDan.eth Автор вопроса

lhl will Block and Report scam dms
I'm going to assume it's because this whale sold $...

Thanks, that’s indeed a reason.

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19.02.2022

DS

lhl will Block and Report scam dms
I'm going to assume it's because this whale sold $...

This is a sensible reason. Has happened before.

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19.02.2022