source avatar投資家K(Project Rin)

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

$EDGE Analysis Given that approximately 80% of airdrop recipients have dumped their tokens, compared to the previous all-time high, a slowing of selling pressure is evident on the 1-hour and 4-hour charts. Additionally, though this is purely speculative on my part—I wonder if the EDGE team might have shorted the futures market as part of a buyback strategy? If so, could the simultaneous listing on CEXs be part of this plan? If they bought back dumped tokens at low prices and then closed their futures shorts, they could realize an extraordinary profit due to a massive overshot. Given this team’s profile, I wouldn’t put it past them to pull something like this off. w By the way, I haven’t sold a single token yet—I’m observing this week’s price action with both spot and futures positions.

No.0 picture
No.1 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.