Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
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Crypto Mumbles
was checking my wallet and found that i had still some $BYTE on metis something is going on cause $BYTE has been up only the past months
BinaryDAO is planning to launch a new token as part of their product upgrade when the market conditions are more optimal

"To provide value to our users during this period, we have devised a new and improved method for revenue distribution.

Following the redemption and staking process, there will be three categories of BYTE holders:

1. Users who stake their BYTE in our new staking contract (eligible for future 2x airdrops of the new tokens).

2. Users who hold their BYTE passively in their wallets.

3. Users who remain staked in the previous old staking contracts.

ONLY the first two categories of users will be eligible to share in the revenue generated prior to the release of our new product. If you fall into the third category, it is essential to unstake your BYTE from the old staking contracts to become eligible for the income distribution."

new staking will begin on may 15th 14:00 UTC

explains the price action rn -> users are purchasing to stake to qualify for the next airdrop from BinaryDAO

https://medium.com/@binarydaofi/binary-update-4-a-new-chapter-unfolds-5fac4fe7dd5
Crypto Mumbles
BinaryDAO is planning to launch a new token as part of their product upgrade when the market conditions are more optimal "To provide value to our users during this period, we have devised a new and improved method for revenue distribution. Following the…
back on this

this announcement update was only published a day ago and i can't seem to find news that would've started the pump (esp the thick green candle on mar 30)

so the uptrend is not representative of the announcement

interesting

is something else happening behind the scenes?
markets peak and reverse 2.5 days after ignition

https://twitter.com/deaftrader1/status/1657665014826672129?s=20
supply held by entities with 0.01 - 1 BTC increasing at an accelerating rate

14D change rn is comparable to 2017 and 2020 bull market

retail waking up and accumulating
LDO potential falling wedge