/biz/ - Business & Finance

[Anonymous No.58457248]

What is the deal with LINK's circulating supply?

Why did the circulation pattern change from a smooth line to large steps every few months?

Why do these somewhat regular patterns occasionally have odd literal irregularities like the brief flatline in May 2021 at ATH? Or the brief spike just before the run up to double digits in October 2023?

[Anonymous No.58457260]

>>58457248
They went from frequent 700k dumps to bigger 70 million dumps.

[Anonymous No.58457265]

>>58457248
They were getting called out for dumps (which, in their defense, really were not as bad as plenty of projects outperforming them), so they announced a scheduled dump tactic to set expectations accordingly. Before that it was literally just "we'll dump when we feel like it", but that annoyed people.

[Anonymous No.58457309]

>>58457260
>>58457265
The dumps appear to drive upward price action though. It's really only when the supply increases flatline that the price begins to go sideways or dump.

>they announced a scheduled dump tactic to set expectations accordingly
The dumps in the past were very regular though. The only irregularity was when they stopped and then the price dumped.

[Anonymous No.58457338]

>>58457309
The answer is simple if you read grayscales report: the dumps are OTC to certain people at a certain agreed price.

The price action upwards is heavy price targeting that was supplemented by the market trying to hrmvride the pump

[Anonymous No.58457423]

>>58457309
>The dumps appear to drive upward price action though.

Yes. Link tokens are the only asset in the entire world that is completely immune to supply and demand economics. The crippling price action you see isn't the market adjusting over time, because as we all know, markets respond instantly and perfectly. Of course, you also definitely don't to consider BTC/ETH price action in context, because why would you? USD just works :)

[Anonymous No.58457512]

>>58457309
They aren't all dumps, the chart only knows when LINK is taken out of the uncirculating supply wallets. They could be selling them OTC with vesting contracts, Grayscale posted about it.

[Anonymous No.58457573]

>>58457512
>>58457338

I suspected this was the case, but got the link to the grayscale report?

[Anonymous No.58459078]

>>58457248

Remember that 350 million link are his personal supply. this means that the actual supply will not go beyond 650 million unless SN starts selling his own link. A simple projection will tell you that he dumps around 6.5 million link per month so that 650 million will be reached within roughly 10 months.

[Anonymous No.58459080]

>>58457338
>>58457512
muh OTC. you guys know that if you wanna use the token you can pay for chainlink services in any other currency that gets out transfer to link right? there is no more need for people to do OTC buys

[Anonymous No.58459093]

>>58457309
>selling increases the price

Get a load of this absolute baggie lmao

[Anonymous No.58459170]

>>58457573
>grayscale.com/research/reports/supply-matters-a-closer-look-at-crypto-sector-supply-dynamics

[Anonymous No.58459181]

>>58457248
Doing a thread about Link token dumps is just about the best bait there is for fuddies. It's like Pavlov's dogs, the way they all begin foaming at the mouth and getting all excited kek -nice work OP

[Anonymous No.58459878]

>>58457423
>>58459093
He's right, Link token dumps are positively correlated with price pumps.

[Anonymous No.58459881]

>>58459878
>>>58457423
>>>58459093

And not just that, but the absence of Link token dumps is positively correlated with price dumps.

[Anonymous No.58459883]

>>58459881
>And not just that, but the absence of Link token dumps is positively correlated with price dumps.
Why does that happen?

[Anonymous No.58459884]

>>58459881
>>58459878
>>>58457423
>>>58459093

And it's not just Link. If you look at last year's top coins, supply increase is positively correlated with pumping there as well.

[Anonymous No.58459934]

>>58459883
At the absolute very least it shows the token inflation has extremely little effect on anything compared to things like general market speculation.

[Anonymous No.58459937]

>>58459884
Those are the top performers for 2021, pic is the top performers for last year.

[Anonymous No.58459976]

>>58459878
correlation != causation retard
it just means they dont immediately dump as soon as the tokens are unlocked

[Anonymous No.58459978]

Once the OTC deal is made the otc desks work with market makers to pump the token to attract exit liquidity

[Anonymous No.58459985]

>>58459978
DRNS

[Anonymous No.58460024]

>>58459978
Also DRNS

[Anonymous No.58460029]

>>58459976
>correlation != causation
I didn't say there's causation.
The only people saying there's causation are the ones saying token dumps are causing price dumps.

>it just means they dont immediately dump as soon as the tokens are unlocked
Yeah, and they don't dump when the next batch of tokens is unlocked. Or the next. Or the next.

[Anonymous No.58460056]

>>58460029
>Yeah, and they don't dump when the next batch of tokens is unlocked. Or the next. Or the next.
of course they do, that's why the price crashed. they just waited to have enough exit liquidity. token unlocks are never bullish, it just means the dump will happen later

[Anonymous No.58460059]

>>58460056
Faggot you're not fooling anyone

[Anonymous No.58460062]

>>58460059
>ZOG ID

[Anonymous No.58460129]

>>58460056
Then why didn't Solana, Avax, Fantom, Matic, ... dump harder than Link?

[Anonymous No.58460158]

>>58460129
they all dumped harder than link during this bear

[Anonymous No.58460250]

>>58460158
kek no they didn't.
They all lost between 92 and 95%.

And why did coins with virtually no inflation dump just as hard as coins with massive inflation?
Doge for instance had 11% inflation in the past 3 years (since early May 2021), compared to Link's 40% inflation. Yet they both dumped over 90% during the last bear.