$omi price thread. I am probably going to loose some followers. But I pride myself in being honest even when it's difficult to hear. I believe we are in a transitional point in $omi price action and token distribution. There are two types or time-frames of holders currently.
There are people who bought in 3, 2, and 1 year ago. Even 6 months ago. That hold vast quantities of $omi. They are in 1000X - 100X profit. Then there are what I like to call the "late-early" holders. These are people who bought in since Feb. 2021. The price has fluctuated quite
A bit since then. The "early-early" holders are selling off mass quantities of $omi tokens to us "late-early" holders. From ATH we have dropped over 1bil #usdt that is nothing but profit taking from early whales. There is such a large amount of tokens in the $omi ecosystem.
I honestly cannot speculate on how long this redistribution of tokens will last. My concern is that this bull market can only last so long. This 3 year pent up demand for profit taking by early-early adoptors will hurt healthy $omi price growth. #crypto investors want price
growth. Even if it is slow. I think the $omi - $gem conversion on #veve app will help price over time. But I hope @ecomi_ will realize that a multi billion dollar marketcapped coin with world wide recognized licenses and cutting edge DISRUPTIVE tech app should have more liquidity
Than 2 small tier 3 exchanges and #uniswap. Thats my take...
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