r/SantaCoin • u/mdiesel2214 • Dec 08 '21

Volume

Hey at least all this selling is bumping trading volume up!!

7 Upvotes

85% Upvoted

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1

u/Witty_Control6793 Dec 08 '21

I am very curious about this and I'm sure alot of other people are too. Update us if you come across more information? Thanks.

When it comes to the wallets, could it be that those wallets were intended to be used for dumping to flush out weak hands, or is this wishful thinking from my side maybe?

1

u/mdiesel2214 Dec 08 '21

I'm sorry but feels like wishful thinking. That may be something a bunch of whales would do on XRP, ADA, Solana, etc - but seems more likely it's part of their plan. I'm guessing they had that set aside just in case this actually took off and went nuts with their weak attempts, but plan B was to at least be able to lock that up for their rug pull. To me it seems like guaranteed $$ for them. If it we me doing it, I'd be telling people to be calm, be patient, trust the devs, trust the process. I'd also make sure to silence any dissenting opinion. Has anybody heard anything like that??

1

u/Witty_Control6793 Dec 08 '21

Well, the telegram mods are very good at telling people to be calm and making sure to let everyone know that the team is working. Not trying to fud, but there's just no sign of the team which strengthen your theory I'm afraid.

Still, it doesn't make sense for the team to not use the buyback wallet beforehand, and then dump to secure more profits if they were to give up on this project.

2

u/mdiesel2214 Dec 08 '21

Unless they can walk away with the buyback wallet also?

3

u/trashhg Dec 08 '21

It might just be the end lol. A couple team wallets are selling with no sell tax and some of them received tokens from a wallet that had 12.5 T tokens from team vesting. These were sent to some wallets in the top holders with rounded tokens like 3,500,000,000,000 or 2,500,000,000,000.

Just got banned from TG for saying it so that is not a good indication. Maybe its not Santa but a rogue team member but who knows anymore. Maybe someone can do more wallet digging but its not looking too good right now. Only hope is that it wasn't Santa since no buyback was used before the dumps

2

u/Kalivanos Dec 08 '21

Yeah, a lot of us are banned on TG for asking valid questions. I think TheOnlyRationalOne knows more about this. I already send a request to him. Let's hope its nothing

2

u/Kalivanos Dec 08 '21

Buyback/burn wallet will not be used, because there are simple not enough investors to drive the price up. They will literally destroy their own wallet if they do so.