Staking doesn't itself affect the market price of HEX. Only buys/sells/liquidity affects price.
HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.
So larger liquidity stabilises price?
Yes. It's harder to effect the price when the liquidity is high. Think about it like pushing a boulder around. It takes more energy to move it if it's bigger.
HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.
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