/biz/ - Business & Finance

Hi frogs. Time to clean your underwear, take your anxiety meds. It was all a whale joke. If you believed it you sold and got rekt. Learn next time.

If you think this drop in AMPL was anything other that whale manipulation and FUD then you don't deserve to be rich.

7 days of 10% daily compound interest gives you 100%+ with the last day at 27% - of course this had to correct.

But not many people traded this well. I didn't trade at all as I dont want to get "priced out". But a small number of whales did - like 4-5 of them on a multi million $ level and made $2-5m each.

To be 50th on the richlist BEFORE the dump you needed 0.1% of coins.
During the crash 0.08%
Now 0.0966%

Whales have dumped, and re-accumulated already. The worst is over. There is no single best point to come back in but today and tomorrow are good bets.

And remember. This isn't going anywhere. This isn't some shitcoin uniswap pump and dump. This is a new type of coin with new supply economics. Backed by Pantera and Brian from Coinbase. Coming to lending platforms near you. With 3 more months of a TRIAL liquidity program paying $1.2m+ (and growing with daily rebases), then more liquidity programs coming - rumored on Bancor / Balancer.

$500m-$2bn market cap is still the target. We NEEDED this correction, things were getting out of control! And in a few days we will look back at this with relief and continue on at a more reasonable but still pretty fast rate!