What I have trouble understanding, and I noted this at

Question

What I have trouble understanding, and I noted this at

the time, why on earth was it possible to buy shittons of LGCY with almost no price impact after the liquidity was pulled. At the time I already realised this is a recipe for disaster. Doesn't price impact normally skyrocket if liquidity is pulled?

#blockchain #cryptocurrency #english #lgcy

0

12.06.2024

7 ответов

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Marty (no DM's) Автор вопроса

rob
my guess is if theres no actual liq to sustain the...

Yeah but wouldn't the price impact skyrocket?

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5 месяцев назад

rob

Marty (no DM's)
Yeah but wouldn't the price impact skyrocket?

i have no idea

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5 месяцев назад

iiTzRaY

I thought price would have sky rocked if liquidity was gone. The whole supply and demand thing and then would have made it impossible to buy Lgcy since no one would want to buy it at a high price with no liquidity

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5 месяцев назад

Dorin | Won’t DM |

Marty (no DM's)
Yeah but wouldn't the price impact skyrocket?

The team removed their liquidity, and other users had like 10-15k there leaving the pair live, then when the liquidity got removed tokens were swap dipping the actual price.

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5 месяцев назад

Marty (no DM's) Автор вопроса

Dorin | Won’t DM |
The team removed their liquidity, and other users ...

Ah OK, this makes sense of course

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5 месяцев назад

rob

Dorin | Won’t DM |
The team removed their liquidity, and other users ...

well im being a little nosey

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5 месяцев назад