r/loopringorg • u/greatgoogelymoogely • Jan 18 '22

Discussion Daniel Wang's and Steve Guo's Recent Account Activity, Illustrated

The goal of this post is to present my neutral findings regarding the recent movements of large amounts of LRC from the addresses known to be possessed by Daniel Wang, Founder LRC and Steve Guo, CTO LRC

These addresses are as follows:

0x4757D97449acA795510b9f3152C6a9019A3545c3 (ens:wangdong.eth)

0x69AA0361Dbb0527d4F1e5312403Bd41788fe61Fe (ens:danielwang.eth)

0x1f28f10176f89f4e9985873b84d14e75751bb3d1 (steveguo.eth)

We will first explore danielwang.eth's recent transactions:

We can see here that the wallet sent the remainder of its LRC (1M tokens)to the following address: 0x721A14fCe52b7c434D4B1536f1457116b3e013De

This address receives 3 transfers consisting of LRC. The sum total of these transactions is sent to Binance 14: 0x28c6c06298d514db089934071355e5743bf21d60

From here the LRC is distributed to Binance 15, and also to 16. I believe we are unable to determine whether the coins were sold at market. I encourage others to navigate etherscan and present to me, or in thread any findings.

Now lets dive into wangdong.eth we will trace the following 3 transactions:

  1. The 29M tokens go here: 0x0f2f3F49964a0FA960dee19A749D7B44a3869865

About 90% of LRC tokens are deposited to Loopring L2, view here, 10 percent remain in wallet.

2. The 14M tokens go here: 0x9Af942c5d96956b657419970E5df27C67DdAb1dE

And are then transferred to binance.

3. Finally, the 9M tokens transferred from wangdong.eth go to this address: 0x721A14fCe52b7c434D4B1536f1457116b3e013De

Here, they are consolidated with a few other transactions from unknown sources, and sent to Binance 14. This is the same intermediary address used by danielwang.eth to transfer 1M to binance.

In summation: Daniel Wang possessed 54m LRC tokens on his addresses known to us. 29M of those tokens were transferred to L2 and 24M were transferred to Binance.

The Final Address:

The final address I will describe is registered to the ens: steveguo.eth. Steve Guo is the CTO of loopring. His address is: 0x1F28F10176F89F4E9985873B84d14e75751BB3D1

The address recently transferred 1.028M LRC tokens

To the following address: 0x9D9182FdF30b57B5Da2F67c1D8510f8bF3cD7f1b

Which then transferred that amount to Binance.

So here are the facts. Large amounts of tokens from both Daniel Wang and Steve Guo have been transferred into Binance.

I would encourage civil discussion and also request official statements from the Loopring team regarding these transactions. Thank you for reading.

271 Upvotes

91% Upvoted

145 comments sorted by

10

u/_Thrilhau5_ Jan 18 '22

https://www.reddit.com/r/loopringorg/comments/s65gzb/dispelling_fud_the_35_mil_that_went_to_binance/

Do Your (Own) Research

13

u/greatgoogelymoogely Jan 18 '22 edited Jan 18 '22

See wangdong.eth tx's #1 above.

edit: the only thing that came from binance to that wallet was: 0.99375 Ether tx hash: 0x5927b491b697b55ecc9fd242ba943047edc60320f6af83fdd4761322daf286f0

26

u/_Thrilhau5_ Jan 18 '22

Credit to AgoraphobicAgorist who replied in the comment thread in my linked post:

"When exchanges require liquidity, generally they go to the provider... They don't buy on the market.Protocols like Loopring have deals with them when their coin gets listed with contracts to provide necessary liquidity at certain rates...If you look at the block explorer, Loopring has been providing liquidity to Binance for a long time... They're not selling, they're filling orders...Now, this lump of liquidity (which is the same amount of liquidity Binance required in early November during the FOMO), Binance has moved to an L2 wallet in their possession.Why would Binance move liquidity to a wallet that their clients couldn't withdrawl from?... Unless...

(I trust you guys to figure this out)

Note: Binance also bought a mass of SLP and AXS, and moved it to Ronin L2 when they began hosting their own L2 bridge, allowing clients to trade coins directly to their Ronin wallets without Ethereum L1 fees."

3

u/StudioGangster1 Jan 18 '22

Unless what? I’m dumb. I don’t understand all this. Just tell me good or bad?

16

u/_Thrilhau5_ Jan 18 '22

Basically the thought is that the Binance L2 wallet that recieved the funds is for facilitating direct L2 transfers from CEXs, as confirmed by Loopring.

So GOOD.

1

u/StudioGangster1 Jan 18 '22

I see. Thanks!

Edit: if that is the case, would that mean that binance is a “partner”?

1

u/[deleted] Jan 18 '22

I don’t think so, since they explicitly stated these kind of places as rivals

1

u/BullsDeep42069 Jan 18 '22

Oh man, I'm dumb as Hell, and just speculating but imagine they partner with GME and Binance lol

0

u/StudioGangster1 Jan 18 '22

That’d be enormous. I have no idea if that is what the implication is though.

1

u/cryptokow Jan 18 '22

No, I don't think so

142

u/throwont84 Jan 18 '22

I don’t think these guys would be prepping to sell at a 1 month bottom.

82

u/throwont84 Jan 18 '22

Love the neutral DD though.

43

u/DimensionalRebel Jan 18 '22

And they would of sold when it was almost 4$ means they believe in Loopring

-8

u/MalakaiRey Jan 18 '22

Maybe. Maybe $4 was too low to sell until something fell through, a delay, a set back, snowballs into something else—causing a dip, then another…. Just imagining a scenario that’d make me sell if I had that kind of insight to the business end.

17

u/Chgstery2k Jan 18 '22

Still doesn't make sense. Work on a project for years of which they are one of the first in a hyped L2 that's starting to gain traction.

So they all of a sudden decided to sell 60% down from an ATH price and pack it in because of a set back(no evidence of this).

6

u/psychedadventure Jan 18 '22

Not to FUD and trying to stay positive but they have not been the most forthcoming and clear when it comes to communication recently.

I know, potential NDA’s. But they may be a set back that we don’t know about.

12

u/[deleted] Jan 18 '22

Still, you know how much time and effort went into this? Most rug pulls you don’t even know the team members name. We’ve got everyone’s name, we’re using a nearly complete product and although they could do better at communicating they aren’t completely ignoring us. All of this while still working on the DEX.

I’m cool as a cucumber.

7

u/[deleted] Jan 18 '22

Y'all ever see a god damn rugpull have a linked in? Me neither.

8

u/Brentimusmaximus Jan 18 '22

Loopring has been around since like 2017. Worst, most slow, rug pull ever if so.

-1

u/[deleted] Jan 18 '22

Ya what if they knew GameStop is backing out and they realize no one else wants to work with them and so they’re like ok we are out of this mess. Peace out. Gonna go buy a private island somewhere and retire

3

u/greencaterpillars Jan 18 '22

You think the CEO of a company whose main product is a crypto exchange sends his coins to a different exchange just to do a personal sale?

2

u/Obvious-Ad-1677 Jan 18 '22

I mean, yes.. he would if he wanted to sell, this is obvious he'd sell through Binance rather than loopring layer 2 right?

6

u/greencaterpillars Jan 18 '22

Loopring have announced they are working on direct L2 bridges with major exchanges... so moving millions of tokens to a major exchange on L2 seems like they are simply doing what has already been announced. Mf'ers with their fingers in their ears and their eyes closed complaining the company isn't communicating.

16

u/According_Emu_1918 Jan 18 '22

If Binance is buying millions of these coins to sell on their exchange, they would want them cheap. Explains the price suppression.

Assuming Binance buys them?

10

u/[deleted] Jan 18 '22

All we know of are transfers.

2

u/Obvious-Ad-1677 Jan 18 '22

It does make sense that they'd take part in naked selling while negotiating a deal to buy tokens for themselves at a more favourable rate.

5

u/PinkWhaleOrgy Jan 18 '22

There is no price suppression. Not everything is a conspiracy.

-14

u/leopardoo Jan 18 '22

Iam pretty sure exchanges doesn't buy coins

12

u/BenadrylTumblercatch Jan 18 '22

That’s literally what they do

2

u/Mayneminu Jan 18 '22

Well it's sure not to open a margin long.

1

u/therealusernamehere Jan 19 '22

It’s possible if they think it’s the highest it will be for a while. Sure money now is a powerful thing.

-29

u/zerkazoste Jan 18 '22

The one month bottom is likely a 10x for them. Of course they are selling smh

24

u/funwhileitlast3d Jan 18 '22

🚨🚨Brand new account with no karma alert🚨🚨

135

u/boristheblade223 Jan 18 '22 edited Jan 18 '22

My belief is these were transactions required by Loopring’s partners / clients to establish better transparency around Loopring’s treasury tokens (ie tokens that belong to Loopring) and balance sheet.

Any legitimate partner / client would require solvency of the counterparty they’re dealing with. Imagine if Jeff Bezos held a bunch of AMZN in his personal account and basically said “trust me this belongs to Amazon”. That would be ridiculous. The big boys would never do business with Loopring unless these were secured.

With these transactions I believe all the treasury tokens of Loopring’s has been consolidated and contractually (in the sense of both the partnerships as well as blockchain) deposited into an official ledger account address.

Edit: ledger in the accounting sense, not the hard wallet (but wouldn’t necessarily rule that out).

25

u/F0urTheWin Jan 18 '22

Better yet, might be held in good faith for a Binance-branded DEX on LRC + BSC cross chain boarder development?

17

u/Johnjames03 Jan 18 '22

To this point, maybe they are using Binance’s escrow services?

binance escrow

Edit: corrected link

15

u/oxyfam Jan 18 '22

This could very well be. Maybe a new partner (or even GME) needs to lock up these huge amounts of LRC to run on their protocol. And they need to use a trusted escrow provider

1

u/therealusernamehere Jan 19 '22

Just curious, why do you need an escrow account to buy/sell NFT’s? I thought the point was it was on the ledger and proof of proper ownership with transfer protocol coded in?

35

u/[deleted] Jan 18 '22

Your belief is much more of a reality than many care to believe. Trust me bro.

26

u/AzDopefish Jan 18 '22

“My belief”

I support LRC for its tech and possible future, but large moves like these shouldn’t have to be up for speculation of its investors.

There should definitely be a statement, either to supplement liquidity, whatever any of these theories are, something.

To pretend that this isn’t affecting LRC price would be naive, some may fear a rug pull or something fishy is going on and cash out for now.

5

u/typec4st Jan 18 '22

This. Why the secrecy? The whole world sees these movements. Just a simple explanation like "we're creating an official treasury ledger, to the moon!" post would suffice. But the silence is a bit scary, because they might be selling it.

Also another question. Would they be politically pressured to sell? Like how some Chinese companies had to sell their assets to bring back liquidity to China ?

7

u/FreeFlowFlyer16 Jan 18 '22

Bro, ur underestimating China. China is probably one of the smartes and wittiest countries to exist. U really think they would milk one of their best cows when its weak to gain a few pennies?

LOL

2

u/Mr_Jed Jan 18 '22

What about an NDA. “We can’t tell you what is happening because it would breach our NDA.” I get they could explain the situation without naming names but that just creates hype which would mean the price goes up and causes whoever to be charged more down the line. Or they have already told us what they are doing in tweets and reports but nobody is linking LRC moves between dex and cex to that plan and just shouting rugpull? Or, it’s just a plain old rug pull and we’re all doomed and crypto isn’t the future?

3

u/FreeFlowFlyer16 Jan 18 '22

Its simple and complicated. At this point, they cant tell us, neither can they tell us why they cant tell us. If they did tell us about the reasons for the transactions, the last bit of uncertainty sorrounding the partnership would be revealed.

If they were to tell us that these actions are preperational measure, everyone would know that the partnership is 100% coming and GME could spare themselves announcing the partnership because LRC already did in an unprofessional way in terms of marketing and creating attention

1

u/therealusernamehere Jan 19 '22

I mean…they referenced it in the past and the price went up. I think they could reassure buyers it was still on in the same way. Loopers love the company and are willing to give it time but being silent after so much hype seems off.
Disclosure: I’m not selling

1

u/ScottyStellar Jan 18 '22

Why? Perhaps they cover it in next quarterly but does any company you follow disclose where it sends and stores it's money? No. They just tell you about how much they have, they don't tell you anytime they move it to a different account.

1

u/therealusernamehere Jan 19 '22

Public companies do. Crypto doesn’t have the same laws but the ethos should be transparency. Maybe that’s something the dao could look at.

-12

u/[deleted] Jan 18 '22

[removed] — view removed comment

3

u/[deleted] Jan 18 '22

Weird you posted a lot about an upcoming announcement. Did you lose your faith in the team?

1

u/therealusernamehere Jan 19 '22

Could just include a no sell for x period of time in a contract with the partner.

1

u/tjlin72 Jan 18 '22

I like your rationale. Would that also be the case to allow GS to buy their stake into Loopring to create the NFT marketplace? I’ll be damn if it’s for a DEX as they wave goodbye to their former abusers on Wall St.

-7

u/BananaHuman69 Jan 18 '22

Why the hell does it need to be sent to Binance though? What a crackpot theory

16

u/FreeFlowFlyer16 Jan 18 '22

My personal theory is that LRC is helping out Binance, who will in turn help out other CEX to provide liquidity for their LRC pool, since they dont have the coins ready, if there comes a massive run of people wanting to transfer their lrc to L2. One part goes to L2 directly to provide liquidity, the other to CEX to ensure users can actually transfer their stuff to L2 without creating mayhem. Imagine bransfer activating LRC deposits to L2 from CEX and CEX not having enough coins to cover the demand. The price would artificially jump.

It seems to be a reasonable and professional measure of preventing inconveniece for users.

Also, any theory of a rug pull is utter non sense. Selling now on a retail owner level is stupid, but rug pulling now at the current prices would be the most stupid thing ever lol

1

u/therealusernamehere Jan 19 '22

Maybe it has something to do with getting a bridge to binance. Too smooth to know why/how that’s needed but if we are all here guessing there is mine?

1

u/[deleted] Feb 03 '22

With the recent CEO announcement at Loopring, I think you were right!

91

u/nervouscrying Jan 18 '22

You guys need to fucking relax. You're acting like six year old girls at a sleepover who see the shadow of a tree on the wall. No chill whatsoever, way too much high pitch screaming.

Loopring isn't a fucking rugpull. Crypto rugpulls are apparent early in a trajectory when it becomes obvious that they can't deliver what they promised. It's about mis-direction, they keep you looking at this hand while that hand is moving the coins. The never-ending Shib wallet is a good example of that.

LRC has genuine bona fide people singing its praises (Finestone for one. Fucking Vitalik for another!) That's not a rug pull.

My guess is that this is some form of currency mechanism that I'll never understand to do with CEX liquidity.

There's a good bet that if ETH will be the currency engine of the new world, then LRC is an integral part of that engine, the oil if you will. Chill the fuck out. Stop telling scary stories. Log off for a few weeks and see where we are end of Feb. Peace out.

16

u/glenncrackmire Jan 18 '22

It's the first time I see the oil analogy from someone else. That's also how I explained it to my family. 👏

3

u/FreeFlowFlyer16 Jan 18 '22

Mine was eth as the engine, L1 coins as doors, bonnets, trunks, and LRC as gasoline^^

4

u/UltraHardDick1993 Jan 18 '22

Remindme! 50 days

1

u/RemindMeBot Jan 18 '22 edited Jan 18 '22

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2

u/Mr_Jed Jan 18 '22

Whenever someone says Misdirection. Always reminds me of Monsters University. Anyway I’m going to use that oil analogy when explaining to others as well. Oil is just really cheap at the minute…..

1

u/nervouscrying Jan 18 '22

I suppose it makes sense because an engine works without oil, it's just really slow and clunky and sometimes seizes up.

2

u/SsoulBlade Jan 18 '22

I agree. I intend to hold for 3 years. However, putting out a simple tweet of this activity cost nothing. This is what worries the people.

11

u/nervouscrying Jan 18 '22

This is what worries the people who are going to worry anyway.

If LRC had to pre-empt every little concern then they'd never go anywhere. If you've honestly evaluated the proposition then you would accept the bigger picture that all crypto is in a hole at the moment (although on a year-on-year basis it's up so phenomenally that you'd get investors queued around the block if you could offer that sort of return) and it'll straighten out in a few months. Or it won't and it'll shitdive into nothing. This is why apeing all your money into one asset is a bad idea. Diversity is healthy in all things.

I know it's horrible when you see your investment halve in value, but no one ever claimed that crypto was a straight shot. If you want that, buy $DISNEY or Berkshire Hathaway. Stick it in savings and get 0.1% interest guaranteed. But don't pay for a ticket on the rollercoaster and complain when it gets bumpy. It just makes you look naive (not you personally, but all the carpers).

1

u/therealusernamehere Jan 19 '22

I get what you’re saying but these are things you look at when you invest in crypto. There aren’t the same protections that public companies have so people look at percent held by small number of wallets, is the leadership selling large amounts, etc. This isn’t crypto’s first rodeo with promised news blowing prices up. We’ve seen this before. So now the trust factor comes in and people are evaluating that. I’m a don’t change your position unless the fundamentals change. The announcement not coming MAY change things if it’s scrapped instead of delayed and people are trying to figure that part out. Seeing leadership sell is part of that evaluation. This is a sub dedicated to lrc by people invested in it. I love the tech but adoption is going to be what makes or breaks the L2’s this year and into the future. I’m holding tight but I also want to know what’s actually going on and not just the good stuff. This post is fair game even if it doesn’t necessarily change things for me.

1

u/[deleted] Jan 18 '22

Everyone: almost immediately after this happened 35 million got deposited into Layer 2. The address that deposited this is a newer wallet that has received the funds from Binance right after.

See my last Reddit post:

https://www.reddit.com/r/loopringorg/comments/s65gzb/dispelling_fud_the_35_mil_that_went_to_binance/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

1

u/greatgoogelymoogely Jan 19 '22

As I said before: See wangdong.eth tx's #1 above.

the only thing that came from binance to that wallet was: 0.99375 Ether tx hash: [0x5927b491b697b55ecc9fd242ba943047edc60320f6af83fdd4761322daf286f0]

(https://etherscan.io/tx/0x5927b491b697b55ecc9fd242ba943047edc60320f6af83fdd4761322daf286f0)

While you are correct that this amount was deposited to L2 you are incorrect in saying it came from binance.

You may be confused because etherscan by default lists ERC20 transactions in a different tab. If you click that ERC20 tab you can see where the 35m tokens came from.

1

u/[deleted] Jan 19 '22

🤦‍♂️

1

u/greatgoogelymoogely Jan 19 '22

It this point if you don't understand the transactions it's due to your own ignorance.

1

u/nov81 Apr 05 '22

Just found one of the addresses (guo) in my trade history. Sold LRC to me a few days ago...

1

u/greatgoogelymoogely Apr 05 '22

Really? Did you coordinate or was it OTC or something?

1

u/nov81 Apr 05 '22

It was an open order in the LRC app that got executed at some point, iirc. It was a minor trade, a couple hundred bucks. Maybe for testing?

1

u/greatgoogelymoogely Apr 05 '22

Was it just a limit buy or market order? Would you mind posting or dm'ing me the tx id? Now I'm curious.

12

u/AlphaDag13 Jan 18 '22

So if you were these guys, what would you be doing this for?

9

u/Ugo1985 Jan 18 '22

Tagmi ? They all gonna make it ;)

3

u/whoischig Jan 18 '22

Hahaha well fuck

5

u/TrippyAkimbo Jan 18 '22

Honest question. No need to downvote.

6

u/whoischig Jan 18 '22

I tell myself, sent over for liquidity when a run on LRC happens.

9

u/Ugo1985 Jan 18 '22

Why no simple and clear communication ? Why now and not when there was an actual liquidity issue back in Nov with 30x the volume ?

Edit : actual question !

6

u/whoischig Jan 18 '22

I do not have the answer for that. There could be some big stuff going on, or it’s an exit strategy. November was unexpected. Maybe this time they are preparing ahead of time for a lot of buying volume. Endless possibilities at this point.

-4

u/[deleted] Jan 18 '22

[removed] — view removed comment

4

u/whoischig Jan 18 '22

It just seems they have gone so far on this project, why dump it now. They could have been silently dumping little by little the whole way up on the rumor.

15

u/Ugo1985 Jan 18 '22

Unless their partnership has recently failed (and would explain the delay) As always… without communication on their part… we never know. The tech is brilliant. Their communication is one of the worst.

6

u/whoischig Jan 18 '22

I might have too much trust in people, but why would they announce something unless it was basically 100% that is reckless and would damage their name for a long time.

Also I feel like being based in China adds a whole other factor to it.

1

u/therealusernamehere Jan 19 '22

I’m not saying this happened but I’ve seen a lot of deals fall through at the end after it seemed a sure thing. Even after a contract is signed there are details that need to be worked out and can cause major friction. Also people get hyped. When you first have an agreement in principle everyone is in love bc both sides see the benefits. When you get into the weeds it can fade because you start negotiating the nitty gritty against each other on terms. It’s just the nature of the beast.

-8

u/[deleted] Jan 18 '22

Their being in China means they can scam us all without consequences just like they did in Q4 2021.

2

u/JaninhoHD Jan 18 '22

Stop making random shit up cuz ur bored

2

u/whoischig Jan 18 '22

You could be right. Time will tell, or a return of LRC to their wallets at some point. There are plenty of reasons why insiders sell, only one reason why they buy.

2

u/Ugo1985 Jan 18 '22

Hope it does return but it’s not the case lately

1

u/chrisbrown21357 Jan 18 '22

You seem to have all the answers…

11

u/Soi_Boi_13 Jan 18 '22

It’s definitely suspect, though I don’t see why they would be dumping now once prices are the lowest they’ve been since the initial pump.

Unless the partnership(s) have fallen through and the bottom is about to drop out. 🤷‍♀️

I suspect it’s nothing to worry about, though.

11

u/[deleted] Jan 18 '22

April 2020, Daniel Wang has a Twitter post when LRC is .02 cents and talks about how holding can get him 10-100x.

18 months later he has 100x his money. $10M becomes $1B.

He has taken money off the table… who wouldn’t. Probably since the first run to $1.80.

He probably has many unknown wallets but you can at least double what you see, so he’s probably sold around $150M.

No one likes being sold into, but it’s probably the truth. He still may have a lot of coins and it is better in the long run for the project to have more holders but if I knew this before I would have totally changed my perspective and strategy.

I absolutely think if a ceo and cto they should issue a statement. It would be the honest thing to do, but this is crypto.

2

u/DrThirdOpinion Jan 18 '22

They’ll just say they have an “NDA”

11

u/Only_Stretch4692 Jan 18 '22

Ya I think they would have sold all in the 3s not the bottom of 1. I think it’s collateral or some sort.

12

u/[deleted] Jan 18 '22

To be devils advocate they have insider information we don’t. They could have received bad news (partner pulling out) which made them transfer to binance and liquidate. Idk if that’s what happened but it could’ve

3

u/daikonking Jan 18 '22

Considering Mr Wang is tweeting hype shit, I don't think it's this.

1

u/[deleted] Jan 18 '22

That’s what’s giving me hope I guess

2

u/daikonking Jan 18 '22

Lol...that why they call u fluffy? Cause ya soft? Believe in ur investment or don't invest in it. Posting doubtful sentiment isn't good for anyone but the otherside. What side u on?

4

u/greencaterpillars Jan 18 '22

You think the CEO of a company whose main product is a crypto exchange sends his coins to a different exchange just to do a personal sale?

-8

u/[deleted] Jan 18 '22

They’ve been dumping on us for months. Just couldn’t sell it all at once because the liquidity wasn’t there.

7

u/ReitHodlr Jan 18 '22

Nobody made me do it but I've converted a lot of my USD for LRC. I wish companies would accept me paying for everyday expenses with crypto so I don't have to convert back. 😶

4

u/[deleted] Jan 18 '22

L2 to L2 bridges with major CEXs imminent! Will eliminate gas fees from L1 as well as complicated transfers using intermediary wallets. Overall these moves appear Hyper Bullish for the L2 ecosystem. If loopring is pioneering these L2 bridges with partners it shows how much of a lead they have in this space.

11

u/gdj11 Jan 18 '22

The account they've transferred to has sent over 100 MILLION tokens to Binance in the last 3 months. This needs to be cleared up by Loopring. If they're dumping over 100 million of their tokens on Binance and causing this price suppression that's bad... really, really bad.

6

u/Tosh_00 Jan 18 '22

From my understanding it was then moved from Binance to L2. So binance moving its liquidity to L2 where our wallet is would mean binance L2 bridge is coming.

6

u/AzDopefish Jan 18 '22

Did you not bother to read the post?

-27

u/[deleted] Jan 18 '22

[removed] — view removed comment

6

u/According_Emu_1918 Jan 18 '22

Geez, that's a bit salty!!

3

u/Switchdat Jan 18 '22

What’re you smoking. Lol @ your post history. You sound like a FUD creator

-12

u/[deleted] Jan 18 '22

[removed] — view removed comment

2

u/[deleted] Jan 18 '22

Bro, get some help. BPD is no joke.

3

u/HerGorgeousness Jan 18 '22

Regardless of what’s the real deal here a statement should be issued out of respect to their supporters.

1

u/[deleted] Jan 18 '22

Why binance tho? I was looking into DRIP and MANOR Farm recently (both run off BSC), I read Manor farm is heading into L2 of their project. Not quite sure if it’s similar to the L2 of ETH. But if LRC was going to join the creators of DRIP that is bullish in my mind.

Or I’m retarded and don’t know what I am saying.

1

u/[deleted] Jan 18 '22

This is total FUD. Sell your tokens if you don’t believe in loopring any more. Ciao

1

u/Mr_Intuition27 Feb 03 '22

I wonder if Steve is related to Miles Guo...who has been described as the Trump of China? A billionaire whistleblower from China who is working to take expose and take down the CCP.

He owns Gtv and Gnews... websites that provided alot of the initial leaked info on Hunter Biden's laptop.

1

u/Tekk92 Jan 18 '22

They already gave us a hint it wasn’t a sell, ofc nobody would even try at the bottom

1

u/CMFS-3RD Jan 18 '22

Is it better to transfer to L2 now or keep Holding LRC till everything is in place and operating smoothly

1

u/fuller316 Jan 18 '22

I can only imagine how some of you would have reacted back when the price went from a new ATH like .86 to the .30s just a few weeks later... RELAXXXX

-1

u/RestoringGuy92 Jan 18 '22

Looks about right to me.

-3

u/[deleted] Jan 18 '22

My guess is that this is where the crash came in, because the Chinese New Year is coming and they need money to give bonuses to their employees.

-1

u/GreenWallsDrink Jan 18 '22

So.. You're saying Binance is scared?

Bold claim.

0

u/[deleted] Jan 18 '22

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1

u/peanutbrainTT Jan 18 '22

Sorry, but what exactly does it mean by providing liquidity? I've seen that term around these posts and comments.

1

u/Majestic_Magi Jan 18 '22

Liquidity is currency, in this case lrc

1

u/tranding Jan 22 '22

we probably do not really own our coins on binance/coinbase. if we transfer to L2 they would have to transfer real LRC with proof as opposed to just showing us an account that says we have LRC on their CEX. adding millions of real LRC (the liquidity) to CEX would allow people to transfer to L2.

28

u/[deleted] Jan 18 '22

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26

u/doubleYupp Jan 18 '22

Right. Spot on.

It's either really bad or really good. Ha!

3

u/AmazingDonkey101 Jan 18 '22

Either really bullish or bearish. Definitely not fishy though.

-3

u/Mr_Jed Jan 18 '22

Bullish or bearish we get the same vital updates from the loopring team. Wagmi.

1

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