Guys! I got a question from my community: There are around

Question

Guys! I got a question from my community: There are around

200,000k 400,000k RSR being sold and counted as circulating supply.
I think these are from circulating option 1(selling on OTC desk)
My question is 'who is buying that much of RSR at this down-trend digital asset market?'
Is there any way that I can track the distribution?

#cryptocurrency #english #reserve

0

30.04.2022

5 ответов

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Daniel An

Sinatra
Hello again, MUG! Any RSR that would get sold in t...

Where this chart come from? not from any exchanges?

0

04.05.2022

Mallo 🅡 🦩

Daniel An
Where this chart come from? not from any exchanges...

Looks like Binance font to me

0

04.05.2022

Daniel An

Sinatra
Hello again, MUG! Any RSR that would get sold in t...

not OTC desk chart?

0

04.05.2022

Mallo 🅡 🦩

Daniel An
not OTC desk chart?

No - just basic sells and bids

0

04.05.2022

Sinatra · Accepted Answer

Hello again, MUG! Any RSR that would get sold in the option 1 unlocking first gets matched with OTC buying demand. Only if the selling demand would be higher than the OTC buying demand, do these tokens get sold on (the most liquid) exchanges (at a daily maximum of 3% of the real daily trading volume). I have no clue about OTC buying demand, but there's still a large amount of buying demand on exchanges (RSR's trading volume yesterday was ~$29m if I'm not mistaking). To track buying/selling behaviour, you can go to RSR's trading page on any exchange and check the order book (red on image attached) or the market depth chart (green on the image attached). They show you real-time orders and buy/sell walls respectively.

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