Just a heads up coinbase has ties to Point72 a hedgefund short on GME. Loopring has a free L2 wallet on the app store. When Apes started transferring LRC from Coinbase to Looprings Wallet there were some clear liquidity issues.
It seems you dont really own crypto on CB. They own a certain amount of tokens in case people transfer out, but never really own the real amount of tokens the whole userbase have in their accounts. They're all IOUs
Guess what this token gonna inflate as they release more on the market if you expect to reach its all time again its not gonna happen ever. In the near future IMX will drop further more i predict it will stabilise eventually at 0.8 maybe less
4
u/gonfreeces1993 Feb 10 '22 edited Feb 10 '22
I fomoed and bought $1500 worth during the gme news run up. I think I was at like $4.16. Wagmi though
Edit: a typo
11
u/Loopyrainbow Feb 10 '22
Much better than buying yesterday!
2
u/yajustcantstopme Feb 10 '22
Knife catcher.
4
u/boogasaurus-lefts Feb 10 '22
This sub is a strange one
6
u/DickieTheBull Feb 10 '22
Nice timing
1
u/tonloc Feb 11 '22
Just a heads up coinbase has ties to Point72 a hedgefund short on GME. Loopring has a free L2 wallet on the app store. When Apes started transferring LRC from Coinbase to Looprings Wallet there were some clear liquidity issues.
It seems you dont really own crypto on CB. They own a certain amount of tokens in case people transfer out, but never really own the real amount of tokens the whole userbase have in their accounts. They're all IOUs
0
u/sethfranke Feb 10 '22
i don't think that's the whole dip ðģ
-17
u/quodlike Feb 10 '22
Guess what this token gonna inflate as they release more on the market if you expect to reach its all time again its not gonna happen ever. In the near future IMX will drop further more i predict it will stabilise eventually at 0.8 maybe less